Brookfield to Invest $10 Billion in Sweden's Largest AI Data Centre, Creating Thousands of Jobs

Brookfield to Invest $10 Billion in AI Data Centre in Sweden

Brookfield Asset Management (BAM) announced plans to invest up to 95 billion Swedish crowns (approximately $9.9 billion) to develop a new data centre focused on artificial intelligence in Strängnäs, Sweden. This move reflects growing demand for AI infrastructure and the need to host data locally within Europe.

The choice of Sweden is strategic. The country offers reliable electricity, strong connectivity, and excellent infrastructure, making it attractive to major tech players like Microsoft, Meta, and Alphabet who have already established data centres there.

Job Creation and Economic Impact

• The project will generate over 1,000 permanent jobs once operational.
• During the 10 to 15-year construction phase, around 2,000 temporary jobs will be created.

Swedish Prime Minister Ulf Kristersson expressed enthusiasm about the development, highlighting that the facility will be located in his hometown of Strängnäs. The site's proximity to Stockholm and nearby university cities such as Eskilstuna, Västerås, Linköping, and Uppsala will support access to skilled talent.

Land and Development Conditions

BAM already owns property on the planned site and is negotiating a land allocation agreement with the Strängnäs municipality. The municipality will proceed with the land sale, priced at 525 million Swedish crowns, only if certain conditions for the AI centre’s establishment are met. Should these conditions not be fulfilled, ownership of the land will revert to the municipality.

Broader AI Infrastructure Growth in Europe

This investment complements BAM’s earlier announcement to invest 20 billion euros in AI projects across France, positioning it as a major player in Europe's AI infrastructure landscape. Sikander Rashid, head of Europe at BAM, emphasized the importance of large-scale investment in AI infrastructure to stay competitive and achieve economic productivity.

In addition to Brookfield’s efforts, chipmaker Nvidia recently committed to supplying its latest AI data centre technology to Swedish companies focused on building AI infrastructure, indicating growing momentum in the region.

For management professionals looking to understand the evolving AI infrastructure market, this development signals increased opportunities in tech infrastructure investment, regional economic growth, and workforce expansion.

To explore relevant AI training and courses that align with these trends, visit Complete AI Training.