TLDR
- Microsoft will invest over $15 billion in the UAE through the end of 2029
- The investment primarily focuses on expanding AI data centers across the country
- Microsoft secured export licenses from the Trump administration to ship advanced chips to the Gulf nation
- The company obtained export licenses last year and secured new ones for this year
- The UAE is spending billions to become a global AI hub and leveraging its Washington relations for tech access
Microsoft announced Monday it will invest more than $15 billion in the United Arab Emirates over the next seven years. The investment timeline extends through the end of 2029.
The tech giant secured export licenses from the Trump administration to ship advanced chips to the Gulf nation. This approval clears the way for the company’s expansion plans in the region.
Microsoft Vice Chair and President Brad Smith spoke with Reuters about the investment. He was attending the ADIPEC energy conference in Abu Dhabi when he made the announcement.
Smith said the majority of the investment will go toward AI data centers. These facilities will be built across the UAE.
“The biggest share of it, by far, both looking back and looking forward, is the expansion of AI data centers across the UAE,” Smith explained. He added that the investment is critical to meet local AI demand.
The company obtained its first round of export licenses from the U.S. government last year. Microsoft secured additional licenses for this year as well.
Export Licenses Enable Expansion
The export licenses allow Microsoft to ship some of the world’s most advanced chips to the UAE. These chips are essential for building and operating AI data centers.
The Trump administration’s approval represents a key milestone for the project. Without these licenses, Microsoft would not be able to proceed with its full investment plan.
The UAE has been investing billions of dollars to become a global AI hub. The country is using its strong relationship with Washington to gain access to U.S. technology.
AI Infrastructure Development
Microsoft’s planned data centers will support the growing demand for AI services in the region. The facilities will house the advanced computing infrastructure needed for AI operations.
The investment represents one of Microsoft’s largest foreign commitments. The seven-year timeline shows the company’s long-term commitment to the UAE market.
Smith’s comments at the ADIPEC conference provided the first public details of the investment size. The conference focuses on energy and technology topics.
The UAE’s push to become an AI hub has attracted interest from multiple tech companies. Microsoft’s commitment represents a vote of confidence in the country’s technology ambitions.
The data center expansion will require ongoing shipments of advanced chips. This is why the export licenses cover multiple years.
Microsoft received the licenses from the U.S. government under the current Trump administration. The company secured approvals for both past and current year shipments.
The post Microsoft (MSFT) Stock: Company Plans $15 Billion UAE Investment Through 2029 appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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