G42 and Copelouzos Sign MoU to Explore AI Factory in Greece

Abu Dhabi's G42 said on 22 October it signed a set of memoranda of understanding with Greek conglomerate Copelouzos Group to explore building an "AI factory" in Greece. Location, capacity, financing and opening date are all unresolved.

Under the preliminary agreements reported by Datacenter Dynamics, G42 subsidiary Khazna Data Centers would lead the physical data center build, while sister company Core42 would supply the cloud and AI compute layer. The pitched customer base is banking, telecoms, shipping and government.

"Our partnership with G42 brings state-of-the-art, world-class AI infrastructure to Greece and strengthens the country's position as a strategic digital and energy hub in Southeast Europe," said Christos Copelouzos, CEO of Copelouzos Group. He added that the two sides aim to "build an AI factory that will support the digital transformation of the Greek economy, attract new investment and create highly skilled jobs."

The MoUs were signed in Athens during an official visit led by the UAE Ministry of Foreign Trade, with Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, attending. G42 and five of its portfolio companies were part of 18 agreements between the UAE and Greece totalling €12.75 billion, with Abu Dhabi separately flagging a further €15 billion of planned investment in the country.

Definitive contracts and regulatory approvals have yet to follow. For now this is intention, not kilowatts, and it lands in a dense autumn: it joins 443 AI infrastructure stories tracked in our feed over the past 90 days.