Deputy Prime Minister Nguyen Hoa Binh emphasized: Vietnam pledges maximum support for the project and hopes G42 actively contributes to training Vietnam’s data technology workforce – Photo: VGP/Nguyen Hoang
During a meeting with Mr. Ali Al Amine, Senior Vice Chairman of G42 Group, the UAE company proposed investing in a 70 MW data center in Ho Chi Minh City in the initial phase.
Notably, G42 plans to collaborate with prominent Vietnamese partners FPT and Viet Thai. This strategic move demonstrates their thorough market research and commitment to partnering with strong local enterprises.
G42 introduced itself as an intelligent network connecting businesses to build AI infrastructure in the UAE and globally. As proof of its capabilities, G42 owns 60% of Khazna Data Centers, the region’s largest data center with 30 operational facilities (totaling 268 MW) and an additional 130 MW under construction.
Khazna Data Centres Dubai
In response, Deputy Prime Minister Nguyen Hoa Binh welcomed G42’s interest, affirming data as essential to the digital economy. He confirmed Ho Chi Minh City’s readiness in land and infrastructure, pledging “maximum project support.”
The Vietnamese government also expressed hope for G42’s active participation in training the domestic data technology workforce.
Burj Khalifa Developer Invited to Invest in International Financial Center
Deputy Prime Minister Nguyen Hoa Binh and Emaar Properties CEO – Photo: VGP/Nguyen Hoang
During the same trip, Deputy Prime Minister Nguyen Hoa Binh met with the CEO of Emaar Properties, the renowned developer behind global icons like Burj Khalifa and Dubai Mall.
He praised Emaar’s successes and encouraged direct or indirect investment in Vietnam’s planned International Financial Center. This strategic invitation targets one of the world’s leading real estate developers.
The Emaar CEO promised to soon send a delegation to explore cooperation and investment opportunities in Vietnam.
Simultaneous interest from two major UAE groups in Vietnam’s digital infrastructure and real estate/finance sectors highlights the market’s growing appeal. The synergy between these projects is notable: a robust digital foundation from G42 could underpin the proposed financial center.
G42, a leader in AI and cloud computing, boasts financial backing from Microsoft ($1.5 billion) and Silver Lake ($800 million), managing a $10 billion tech investment fund.
Photo: burjkhalifa.ae
Emaar Properties, a real estate giant with a $33.5 billion market cap, $48.3 billion in assets, and over $11 billion in annual revenue, is known for landmarks like Burj Khalifa and the $20 billion Downtown Dubai project.
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