US investment company Brookfield Asset Management will invest up to SEK 95 billion ($9.87 billion) in an artificial intelligence data center in Strängnäs, Sweden, near Stockholm, according to a company statement.
The facility will be located on a site covering approximately 3.77 million square feet (350,000 square meters). Construction will take 10-15 years.
Swedish Prime Minister Ulf Kristersson welcomed Brookfield’s plans, writing on social media that the data center will be one of the largest of its kind in Europe.
In February, it was announced that Brookfield plans to invest €20 billion in the construction of data centers and the development of AI infrastructure in France over the next five years.
