UAE & Kenya unite for investment cooperation in technology

UAE & Kenya unite for investment cooperation in technology

UAE Ministry of Investment of the UAE and the Ministry of Information, Communications, and the Digital Economy of the Republic of Kenya have signed an Investment Memorandum establishing a framework for investment cooperation in the field of digitalization and technology. In addition to exploring investments in digital infrastructure and artificial intelligence (AI) services in Kenya, […]UAE Ministry of Investment of the UAE and the Ministry of Information, Communications, and the Digital Economy of the Republic of Kenya have signed an Investment Memorandum establishing a framework for investment cooperation in the field of digitalization and technology.

In addition to exploring investments in digital infrastructure and artificial intelligence (AI) services in Kenya, the cooperation may include the development of data center projects with a total capacity of up to 1,000 megawatts.

Mohamed Hassan Al SuwaidiUAE Minister of Investment

“A closer partnership between our two nations harbors remarkable opportunities in numerous fields that can contribute to the continued strengthening and advancement of our economies. Through targeted investments in digital infrastructure and artificial intelligence, this Investment Memorandum is set to accelerate the development of a sector that has the potential to become a growth driver for other industries, setting out a vision for the future defined by