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Microsoft commits $10B investment in Gulf by 2030
Microsoft, the American company, announced an investment of around $10 billion in four Gulf countries until 2030 to develop infrastructure for cloud computing, artificial intelligence, and data centers in the region. The investments include Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar, with a previous pledge to invest $7.9 billion in the UAE. This expansion aims to support the Gulf countries' efforts to diversify their economies and reduce dependence on oil, while also boosting reliance on American technology, despite the challenges posed by regional tensions and the war with Iran, which have affected some data facilities.
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