Egypt Launches Strategy for National Data Centres and AI Investment
Egypt is developing a national strategy for data centres and cloud computing to establish itself as a regional technology hub. This initiative aims to attract significant investments in digital infrastructure, especially in AI and renewable energy sectors.
Theia Market Signal Identification - AI Assisted
Egypt's government is formulating a national strategy for data centres and cloud computing to enhance its digital infrastructure appeal. A ministerial meeting focused on creating an investment map for optimal data centre locations, considering power availability and incentives.
The strategy aims to leverage Egypt's renewable energy resources, with goals for renewables to comprise 45% of the energy mix within two years. This comes amid rising global demand for AI infrastructure, projected to reach hundreds of billions in annual investments.
The initiative also aims to bolster Egypt's position against competing nations like Saudi Arabia and the UAE in attracting hyperscale data investments. A recent agreement with Hassan Allam Digital Infrastructure includes a $400 million investment in advanced data centres to support various sectors. Egypt is positioning itself as a key player in the AI infrastructure economy linking Africa, the Middle East, and Europe.
Comments