Brookfield to Invest Nearly $10 Billion in Swedish AI Data Centre, Creating Thousands of Jobs
Brookfield Asset Management, a major Canadian investment firm, has announced plans to invest up to 95 billion Swedish kronor (approximately $9.91 billion) to build a cutting-edge data centre dedicated to artificial intelligence in Strängnäs, Sweden. This large-scale project marks one of Brookfield’s biggest AI investments in Europe, reflecting a deepening collaboration with Swedish government, public institutions, academia, and local businesses.
The proposed data centre is expected to generate over 1,000 permanent jobs once operational, in addition to around 2,000 construction-related jobs over the 10 to 15 years of the building phase. This employment boost is welcomed as a significant economic opportunity for the region west of Stockholm, enhancing Sweden’s role in the growing AI and tech sectors.
Swedish Prime Minister Ulf Kristersson publicly expressed support for the project on social media platform X, emphasizing the government’s commitment to fostering innovation and strengthening Sweden’s position in the global technology landscape. The investment aligns with national priorities to expand digital infrastructure and AI capabilities.
The announcement comes shortly after U.S. tech giant Nvidia revealed plans to supply its latest AI data centre technology to several Swedish companies, including Ericsson and AstraZeneca. This signals a broader trend of technological partnerships aimed at advancing AI research and applications in the Nordic region.
Overall, Brookfield’s multi-billion dollar initiative is poised to play a key role in Sweden’s AI ecosystem, creating jobs and enhancing international cooperation in high-tech development. The project exemplifies growing global interest in AI infrastructure and Sweden’s appeal as a strategic hub for innovation.
Source: Reuters