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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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This is for the first time a Saudi monarch is visiting Indonesia after the visit of King Faisal 46 years ago. (AFP/File)
February 23rd, 2017 - 12:00 GMT

Landmark pacts expected during Saudi King Salman's historic tour of East Asia

A member of Egypt's richest family, Sawiris is chairman of Orascom Development Holding, which operates tourist resorts and real estate projects in Egypt and Europe. (Wikimedia Commons)
February 23rd, 2017 - 11:00 GMT

Egypt's currency devaluation a success, but investment will take time: Sawiris

A total of 133 private and international schools across the kingdom will soon shift to new buildings under construction following the new rules.  (YouTube)
February 23rd, 2017 - 10:00 GMT

Over 50 percent of Jeddah's private schools face closure due to new leasing rules

The government aims to hold a practical discussion to define the taxes and fees that should be applied, with the least impact on the economic growth and on the low-income class. (AFP/File)
February 23rd, 2017 - 09:00 GMT

Lebanon's budget will consider interests of citizens, economy: PM

Among several economic measures, the government has recently decided to raise the renewal fees of passports for Gazan residents in Jordan from JD25 to JD200. (File photo)
February 23rd, 2017 - 08:00 GMT

Jordan votes to extend validity of temporary passports for Gazans

The venue, located just minutes from Hamad International Airport and in the centre of the urban development of Qatar’s capital Doha, is scheduled for completion by 2020. (AFP/File)
February 23rd, 2017 - 07:15 GMT

Qatari-Turkish JV signed to build seventh FIFA World Cup stadium

Brent crude oil prices remain at one of the lowest levels in real terms in decades. (File photo)
February 23rd, 2017 - 06:42 GMT

Oil price forecast at $50-$70 for next five years

Yemen’s President Abed Rabbo Mansour Hadi called on his government to focus on power, water, roads, health and education in retaken areas. (AFP/File)
February 23rd, 2017 - 05:33 GMT

Saudi Arabia to donate $10B towards Yemen reconstruction

PepsiCo's CEO also confirmed that a new beverages plant is set to officially open in Dubai this month.  (Shutterstock/Ioan Panaite)
February 22nd, 2017 - 01:00 GMT

One of PepsiCo's largest manufacturing plants to open in Jeddah

Viu already operates in Indonesia, Malaysia, India, Hong Kong and Singapore, and is now available for users in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and Jordan. (Digit.in)
February 22nd, 2017 - 12:00 GMT

Vuclip launches Viu streaming service across the Middle East

The appointments come in line with a goal outlined in the Saudi Vision 2030 reform plan to increase the participation of women in the workforce from 22 percent to 30 percent.  (Arab News)
February 22nd, 2017 - 11:00 GMT

Saudi women blaze a historic trail in finance

It has been estimated that over the next 20 years, cities across the world will invest approximately $41 trillion on technologies to offer improved services. (Shutterstock)
February 22nd, 2017 - 10:00 GMT

Ahead of Arab Future Cities Summit, Qatar announces increase in smart infrastructure investments

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