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AI Data Center
June 29th, 2026 - 06:34 GMT
P. Choiaqo

P. Choiaqo

South Korea to invest $650 billion into AI data centers by 2035

ALBAWABA - While some are wary of a possible AI bubble, others investing heavily into it - foreseeing returns on investments in 10-15 years, one such country is South Korea. South Korea cementing its already renowned status of a tech and innovation hub and powerhouse has decided to invest nearly a quadrillion won ($650 million) in AI data centers over the next nine years. "By 2035, we will build additional ...
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Egypt has well over $300 billion of known planned and un-awarded projects, which gives it a project pipeline larger than any other regional market after Saudi Arabia and the UAE.
June 12th, 2019 - 10:04 GMT

Egypt Largest Single Projects Market in Region With Over $300 Billion Projects

The project goes beyond Facebook's goal to use renewable energy to power its data centers, where the social media giant stores photos, videos and other information that people post on the platform.
June 12th, 2019 - 09:43 GMT

Facebook Builds One of the Largest Solar Projects in US

ccording to Knight Frank's Wealth Report, average prime property price fell 3.4 per cent from $6,966 (Dh25,565) per square metre in 2017 to $6,729 (Dh24,695) per sqm last year.
June 12th, 2019 - 09:30 GMT

Dubai's Luxury Property Most Affordable Amongst Expensive Cities

The law also provides for a new administration process where there is evidence of mismanagement or misconduct.
June 12th, 2019 - 09:26 GMT

Dubai Introduces New Insolvency Law

The government is working to attract foreigners to come and invest, manufacture and export in order to boost trade which is contributing 30 per cent to Dubai’s GDP.
June 12th, 2019 - 07:50 GMT

Chinese Companies to Invest Over $4 Billion in UAE Logistics Projects

Chinese Vice Foreign Minister Zhang Hanhui stated that “trade frictions between China and the US and the spectre of trade frictions between the US and India” are of vital importance for talks between the two countries currently under pressure from Washington.
June 12th, 2019 - 07:23 GMT

China Proposes Unity to India to Resist US Trade ‘Bullying’

The actions follow sanctions on Foz by the European Union in January.
June 12th, 2019 - 06:59 GMT

US Sanctions Syrian Businessman for Supporting Assad Regime

Dubai’s non-oil trade grew 58 per cent in the 2010-2019 decade.
June 12th, 2019 - 06:26 GMT

Dubai Non-Oil Trade Exceeds $92 Billion in Q1 2019

94 percent of companies in the UAE report involvement in AI at executive management level – the highest percentage of any surveyed country in MEA.
June 12th, 2019 - 06:13 GMT

UAE Invests Over $2 Billion in AI

Jeddah Season forms part of major drive to boost tourism in the Kingdom.
June 11th, 2019 - 01:00 GMT

Saudi Visa in Three Minutes for Visitors to Jeddah's Festival

Entrepreneurs will be able to experiment with real scenarios and real data on the roads of the gated business area.
June 11th, 2019 - 12:30 GMT

Renault, Nissan, Mitsubishi Alliance Launch Innovation Lab in Israel

enhancing and boosting bilateral trade volume is one of the main objectives of Iran and Pakistan
June 11th, 2019 - 12:00 GMT

Iran Mulls Establishing a Banking Channel with Pakistan

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