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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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The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20th, 2018 - 06:37 GMT

Oman's Fisheries Sector to Increase to RO1.3 Billion in 2023

The level of commitment to implementing the budget reached 100 per cent during the first quarter of 2018. (Shutterstock)
September 20th, 2018 - 05:59 GMT

UAE Government Spending on Target at $2.84 Billion

The emirate’s free zones foreign trade scored an increase of 20 per cent, Dh43 billion in the first half of 2018 to Dh257 billion. (Shutterstock)
September 20th, 2018 - 05:48 GMT

Dubai Revenue Diversification Healthy, With $175 Billion in Non-Oil Foreign Trade

The offence can also result in vehicle being confiscated. (Shutterstock)
September 20th, 2018 - 05:42 GMT

Driving With Expired License in UAE Will Cost You Dh500

From left, Ms Almoayyed, Ms Al Shirawi, Ms Al Hashemi, Shaikha Hessa, and Ms Karzoon. (GDN)
September 20th, 2018 - 05:21 GMT

These Are the 5 Bahraini Women on Forbes Power List

The number of millionaires in the UAE with assets between $1 million and $30 million reached 46,998 while ultra-high net worth individuals with assets of $30 million-plus reached 1,380 last year. (Shutterstock)
September 20th, 2018 - 05:02 GMT

Report: UAE a Haven for HNWI's

Egypt is to have its first smart educational city in the Governorate of Giza. (Shutterstock)
September 19th, 2018 - 10:13 GMT

Egypt to Welcome Its First Smart City in Al-Giza

Iran is a very important member of OPEC. (Shutterstock)
September 19th, 2018 - 09:37 GMT

OPEC Reaffirms Iran's Membership Ahead of US Sanctions

The country has the third-highest debt rate in the world compared with gross domestic product, currently standing at about $81 billion, or 152 percent of the country’s GDP. (Shutterstock)
September 19th, 2018 - 09:26 GMT

No New Taxes to Fix Lebanon's Economic Meltdown

Kuwait and Tunisia signed an investment protocol in 2010. (Shutterstock)
September 19th, 2018 - 09:11 GMT

Kuwait, Tunis to Expand on Economic and Trade Relations

Lucid Motors received a $1 billion investment from Saudi Arabia Monday that will get the Lucid Air electric vehicle through to commercialization by 2020. (Lucid Motors)
September 19th, 2018 - 09:01 GMT

Saudi Carves a Slice of the Electric Car Market With $1 Billion Investment

Qatari businessmen are keen to explore investment opportunities available in Ivory Coast in the fields of agriculture, mining, tourism and real estate. (Shutterstock)
September 19th, 2018 - 08:34 GMT

Ivory Coast Investment Opportunities Lure Qatari Businessmen

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