Microsoft will invest 7.9 billion dollars in BAE.

Microsoft's Major Investment Move for the UAE

Brad Smith, Vice Chairman and President of Microsoft, shared details of the investments to be made in the United Arab Emirates (UAE) in a blog post.

Artificial Intelligence Initiative and Investments

It was noted that nearly two and a half years ago, a artificial intelligence initiative was launched with the support of the US and UAE governments. Under this initiative, it was reported that Microsoft aims to invest a total of $15.2 billion in the UAE between 2023 and 2030.

Expectations for 2023

The post states that more than $7.3 billion will be invested in the UAE by the end of 2023. This investment figure includes a $1.5 billion capital investment in the artificial intelligence company G42, over $4.6 billion spent on advanced artificial intelligence and cloud data centers, as well as local operating expenses and the cost of goods sold.

Future Investments and Plans

It is stated that over $7.9 billion will be spent in the UAE from the beginning of next year until the end of 2029. This amount includes more than $5.5 billion in capital expenditures for expanding artificial intelligence and cloud infrastructure alongside new initiatives to be announced in Abu Dhabi. Additionally, approximately $2.4 billion related to planned local operating expenses and the cost of goods sold is added to this figure.