Major data center company pauses investment decisions in Middle East amid Iran war, CEO tells CNBC
A major data center company has halted investments in the Middle East due to the ongoing Iran war. The conflict has led to rising oil prices and disrupted supply chains, creating uncertainty for digital infrastructure projects. Despite the pause, the company still sees long-term opportunities in the region.
- ▪The company has paused investment in AI infrastructure projects and data centers in the Middle East.
- ▪A data center in Abu Dhabi was damaged by shrapnel from an Iranian attack.
- ▪The CEO stated that no new capital will be invested until the situation stabilizes.
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A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC.As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle East has become uncertain. Assets in the region have become military targets and shortages are predicted for key materials needed for the AI infrastructure buildout. A data center in Abu Dhabi, operated by Oaktree-owned Pure DC, was struck by shrapnel from an Iranian attack. The company's CEO, Gary Wojtaszek, told CNBC that investment decisions had been paused on "all data center opportunities.
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