Microsoft, in partnership with Abu Dhabi-based AI company G42, announced a significant expansion of their data center operations in the United Arab Emirates. The project will add 200 megawatts of capacity and is part of a broader plan for Microsoft to invest over $15 billion in the UAE by 2029. The expansion will be delivered through G42's subsidiary, Khazna Data Centers, with the new capacity expected to come online before the end of 2026. Microsoft Vice Chair and President Brad Smith stated the investment is about "powering the UAE's future" and building a foundation for innovation. Following the news, Microsoft shares were reported to be little changed in premarket trading.
Microsoft Announces Major UAE Data Center Expansion with G42
MSFT
Related News
MSFT
Microsoft Trades Near $399 as Tech Sector Rallies on Economic Resilience
MSFT
OpenAI Nears Record $100B Funding at $850B Valuation to Fuel AI Infrastructure
MSFT
Microsoft Announces 240 New Marketplace Offers; Stock Up 1.06% Amid Broader Market Decline
MSFT
Reliance’s JioHotstar Taps OpenAI for India’s First ChatGPT-Powered Streaming Search
MSFT