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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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KSA should be able to provide goods and services for its local market as well as build globally competitive export industries. (Shutterstock)
September 18th, 2018 - 07:42 GMT

Saudi Localization Plans to Introduce Multibillion-Dollar Infrastructure Dividend

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

The current 4.5 million bpd would only increase to 5 million bpd over the next decade. (Shutterstock)
September 18th, 2018 - 07:10 GMT

Uncertainty Looms on Iraq Oil Production for the Next Decade

Makkah has a shopping mall supply of 140 sq m per 1,000 persons — significantly lower than other primary cities. (Shutterstock)
September 18th, 2018 - 07:05 GMT

Malls in Makkah to Grow by 200 Percent to Meet Pilgrim Boom Demands

UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)
September 18th, 2018 - 06:59 GMT

Dubai's Corporates Record Highest Rate of Growth in the GCC

The fund will be distributed in a span of three years to support the education of children. (Shutterstock)
September 18th, 2018 - 06:52 GMT

Abdul Aziz Al Ghurair Launches Dh100 Million Refugee Education Fund

The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators. (Shutterstock)
September 18th, 2018 - 06:49 GMT

US Levies New Tariffs on $200 Billion in Chinese Goods

More than 2,000 people were caught transporting passengers illegally this year. (Shutterstock)
September 18th, 2018 - 06:44 GMT

Illegal Taxi Drivers in Abu Dhabi to Face Dh3,000 Fine, 24 Black Points

The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions. (Shutterstock)
September 17th, 2018 - 10:43 GMT

All What You Need to Know About the 5-Year Residence Visa in UAE

Predictions of Lebanon’s economic demise are not new. (AFP)
September 17th, 2018 - 08:20 GMT

Lebanon Desperate to Rationalize the Dire Economic Reality

Jordan is currently going through difficult conditions, and internal and external challenges, including an increase in unemployment rates. (AFP)
September 17th, 2018 - 07:56 GMT

Jordanian Engineers Association Rejects New Income Tax Law

Turkey is keen on buying natural gas from Iran with “reasonable price” in contrast to the price it pays for the gas imported from Russia and Azerbaijan. (Shutterstock)
September 17th, 2018 - 07:51 GMT

Turkey to Keep Iran Gas Exports Flowing Despite US Sanctions

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