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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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The UAE has taken precautionary measures on imported food products from Brazil. (Shutterstock)
March 26th, 2017 - 04:00 GMT

Meat prices in UAE to go up after Brazilian meat ban

Quriyat, Oman. (Shutterstock)
March 26th, 2017 - 03:00 GMT

Oman plans multimillion-dollar tourism complex in coastal city

Al-Abdali area in Amman. (Shutterstock)
March 26th, 2017 - 01:59 GMT

Amman most expensive city in the Arab world: Report

Doha, Qatar. (File photo)
March 26th, 2017 - 01:08 GMT

New GCC VAT will have minimal effect on inflation: Report

Emaar Malls is the shopping center unit of Dubai’s biggest publicly traded property developer. (File photo)
March 26th, 2017 - 12:30 GMT

Dubai’s Emaar Malls announced its bid for Souq.com and Amazon is not going to like it

Expats are advised to secure their own retirement as early as possible. (Pexels)
March 26th, 2017 - 11:00 GMT

No pension system for nearly 70 percent of GCC expats: Survey

Qatar, like other Gulf countries, has been seeking efficiency savings due to lower revenues from hydrocarbons. (Pixabay)
March 26th, 2017 - 10:03 GMT

Qatar Foundation to slash 800 jobs in cost-cutting drive

The Uber app. (File photo)
March 26th, 2017 - 09:40 GMT

Non-Saudi drivers of Uber and Careem will face fines, deportation: Official

Abu Dhabi's Waha Capital reaps the fruits of its diversification strategy. (File photo)
March 26th, 2017 - 09:23 GMT

UAE's investment giant announces strong net profit, cash dividends

Qatar goes dark and green for Earth Hour. (Shutterstock)
March 26th, 2017 - 07:54 GMT

Qatar releases 'electrifying' power consumption report on Earth Hour

Costing QR6.5 billion, Doha Festival City is set to be among the largest malls in the GCC when it opens in April. (Shutterstock)
March 23rd, 2017 - 04:40 GMT

Qatar gears up for 2022 World Cup with more... Shopping malls!

The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)
March 23rd, 2017 - 04:06 GMT

Oman eyes share of the halal food industry

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