G42, a UAE-based artificial intelligence and advanced technology group that was recently in the news for being part of the ambitious Startgate UAE project, has now set its sights on Southeast Asia. G42 is reportedly planning to invest as much as US$ 2 billion into building a hyperscale data center in Vietnam.
According to the Vietnam News Agency, G42 plans to partner with Vietnamese companies such as FTP Corp., investment firm VinaCapital and Viet Thai Group, for its digital infrastructure project that will come up in Ho Chi Minh City.
Readers would recall that G42 was part of a business delegation that visited Vietnam in March this year, and had held meetings with several leading Vietnamese digital infrastructure companies regarding potential investments in hyperscale data centres. Some G42 executives were also part of a technology business delegation that met with Vietnam’s Deputy Prime Minister Nguyễn Chí Dũng in Dubai (UAE) on April 9, and advocated for more cloud-friendly policies.
Vietnam today has one of the most vibrant data center markets in Southeast Asia. According to a recent study by ResearchAndMarkets.com, the Vietnamese data center market was valued at US$ 654 million in 2024, and is projected to reach US$ 1.75 trillion by 2030, rising at a Compounded Average Growth Rate (CAGR) of 17.93 percent. It is therefore understandable that G42, which recently announced its foray into Europe, would set its sights on Vietnam as it expands its global footprint.
