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UAE Tech Giant G42 Eyes Vietnam Data Center Project – Partnership with FPT & Viet Thai
Good news from the UAE: Tech giant G42 wants to partner with FPT and Viet Thai on a data center, while the developer of the Burj Khalifa is preparing to come to Vietnam seeking investment opportunities
G42 Plans 70MW Data Center in HCMC with FPT & Viet Thai
Partnership details and project scale
According to Bao Chinh Phu, on September 24, during his working trip to the United Arab Emirates (UAE), Standing Deputy Prime Minister Nguyen Hoa Binh held important meetings with senior leaders of G42 Group and Emaar Properties.
At the meeting with Mr. Ali Al Amine, Senior Vice President of G42, the UAE corporation proposed investing in a data center with a capacity of about 70 MW in Ho Chi Minh City in the initial phase.
Notably, G42 indicated that this project could be carried out in partnership with major Vietnamese companies such as FPT and Viet Thai. This move highlights their thorough understanding of the market and their intention to collaborate with capable domestic enterprises.
G42 described itself as an intelligent network connecting businesses to build artificial intelligence (AI) infrastructure in the UAE and beyond. To demonstrate its capabilities, G42 revealed that it currently holds a 60% stake in Khazna Data Centers – the region’s largest data center operator, with 30 facilities already in operation (total capacity of 268 MW) and 130 MW under construction.
Government backing and digital infrastructure boost
In response, Deputy Prime Minister Nguyễn Hòa Bình welcomed G42’s interest and emphasized that data is an essential component of the digital economy. He stressed that Ho Chi Minh City is ready in terms of land and infrastructure, while assuring that the Government “will provide maximum support for the project.”
The Vietnamese Government also expressed hope that G42 will actively contribute to training local data technology talent.
Burj Khalifa developer invited to invest in Vietnam’s International Financial Center
Emaar’s global footprint and Vietnam visit plans
Also during the trip, Deputy Prime Minister Nguyen Hoa Binh met with the CEO of Emaar Properties, the world-renowned real estate developer behind iconic global landmarks such as the world’s tallest tower, the Burj Khalifa, and the Dubai Mall.
At the meeting, the Deputy Prime Minister praised Emaar’s achievements and said the Vietnamese Government encourages the group to invest directly or indirectly, particularly in the International Financial Center project currently under development in Vietnam. This is regarded as a strategic investment invitation targeting one of the world’s top real estate developers.
In response, the Emaar CEO said the group will soon arrange for a delegation to visit Vietnam to directly explore cooperation and investment opportunities.
Strategic synergy with data infrastructure needs
The simultaneous interest from these two major UAE corporations in Vietnam’s key sectors—digital infrastructure and real estate/finance—demonstrates the growing appeal of the Vietnamese market. Importantly, there is potential synergy between the two projects: an international financial center will require a strong digital infrastructure foundation, something that G42’s project could provide.
G42 is a major force in AI and cloud computing, with financial backing underscored by billion-dollar investments from Microsoft (USD 1.5 billion) and Silver Lake (USD 800 million), as well as managing a USD 10 billion technology investment fund.
Meanwhile, Emaar Properties is a real estate giant with a market capitalization of about USD 33.5 billion, net assets valued at USD 48.3 billion, and annual revenue exceeding USD 11 billion. Emaar’s global mark is evident through its iconic projects such as the Burj Khalifa and the USD 20 billion Downtown Dubai mega-development.
Original post from CafeF
