The October Riyadh summit is expected to examine Gulf–European cooperation in cloud, high-performance computing, data centres and digital services, but no joint AI investment has yet been announced.
Estithmar’s Elegancia C&I will deliver a two-phase facility designed to expand Qatar’s capacity for hyperscale cloud providers and high-density AI workloads.
The framework initially covers the UAE, Saudi Arabia, Qatar and Kuwait, with investments in cloud, AI infrastructure, connectivity, cybersecurity and AI for Good.
The partnership targets financial crime prevention, knowledge intelligence, and governance, risk and compliance for financial and public-sector organisations.
The strategic partnership gives Qatar access to global funds and co-investment opportunities in sectors including artificial intelligence and digital infrastructure.