Microsoft to invest over $15 billion in UAE through 2029

Investing.com -- Microsoft plans to invest more than $15 billion in the United Arab Emirates over the next seven years, with a focus on expanding artificial intelligence data centers across the country.

The investment, which will run through the end of 2029, comes after Microsoft secured export licenses from the Trump administration to ship advanced chips to the Gulf nation, the company announced Monday.

Microsoft Vice Chair and President Brad Smith told Reuters that the expansion of AI data centers represents the largest portion of the planned investment.

"The biggest share of it (the investment), by far, both looking back and looking forward, is the expansion of AI data centers across the UAE. And from our perspective, it’s an investment that is critical to meet the demand here for the use of AI," Smith said in an interview.

Smith revealed that Microsoft had obtained export licenses from the U.S. government last year and secured new licenses for this year. He made these comments while attending the ADIPEC energy conference in Abu Dhabi.

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