UAE, India sign deal to accelerate growth of digital economy

Wednesday, 14 February 2024 14:13

By ARN News Staff

The UAE and India have joined forces to develop digital infrastructure and artificial intelligence.

The partnership will explore and evaluate the technical and investment potential of developing data centre projects in India with an initial capacity of up to 2 gigawatts and support the deployment of a supercomputer cluster in India with AI compute capacity of 8 exaflops for varied sectoral use.

The Memorandum of Understanding (MoU) was signed by UAE's Minister of Investment Mohamed Hassan Alsuwaidi and India's External Affairs Minister Dr. Subrahmanyam Jaishankar on Wednesday.

It underscores the two nation's positions as significant investors and digital infrastructure developers, with India's data centre network being a key component of its growing internet economy, projected to hit $1 trillion by 2030.

The MoU also seeks to promote investments in digital public infrastructure, AI, R&D, and innovation, while fostering public-private collaboration and knowledge exchange to support India's digital growth and innovation.

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