The News
The UAE plans to invest up to $50 billion in France’s artificial intelligence sector, including the development of a massive data center and a dedicated AI campus.
The facility, set to become Europe’s largest AI hub with 1 gigawatt of capacity, is part of a broader AI collaboration agreement reached between French President Emmanuel Macron and UAE President Sheikh Mohamed bin Zayed in Paris.
Abu Dhabi is spreading its bets in the global AI race. MGX, backed by Mubadala and G42, is participating — alongside OpenAI, Oracle, and SoftBank — in the $500 billion Stargate project announced by US President Donald Trump last month. In April, Microsoft invested $1.5 billion in Abu Dhabi’s G42, viewing the company as a key partner in expanding its Azure data center business.
Other Gulf countries are also making moves, leveraging ample energy, capital, and land: Google Cloud and Saudi’s Public Investment Fund agreed in October to develop an AI hub in Dammam.