Brookfield Asset Management to Build $10 Billion AI Data Centre in Sweden
Brookfield Asset Management (BAM) is set to make a monumental investment in artificial intelligence infrastructure by committing up to 95 billion Swedish crowns ($9.91 billion) to build a state-of-the-art AI data centre in Strängnäs, a city located west of Stockholm, Sweden.
Announced on Wednesday, the Canadian investment giant confirmed that the project will become one of the largest AI infrastructure investments in Europe, positioning Sweden as a key AI innovation hub.
“This investment represents one of Brookfield’s largest AI investments in Europe,” the company stated. “It extends our partnership with the Swedish government, public authorities, academia, and businesses in the region.”
Key Facts About Brookfield’s AI Data Centre Investment
- Total Investment: $9.91 billion (95 billion Swedish crowns)
- Location: Strängnäs, Sweden
- Permanent Jobs Created: Over 1,000
- Construction Jobs Created: Approximately 2,000 over 10–15 years
- Purpose: AI computing and data centre services
- Partners: Swedish government, academia, and regional businesses
Sweden Emerges as an AI Infrastructure Leader
The announcement further strengthens Sweden’s growing reputation as a key player in the global AI ecosystem. Swedish Prime Minister Ulf Kristersson welcomed the investment via a statement on social media platform X, highlighting the country’s appeal to international technology investors.
This investment follows Nvidia’s recent announcement of plans to provide its latest-generation AI data centre platform to top Swedish firms, including Ericsson and AstraZeneca, further cementing Sweden’s role in next-generation AI development.
AI Infrastructure Investment With Long-Term Impact
Brookfield’s data centre project is expected to have a significant long-term economic and technological impact in the region.
- Boost to local employment and skills development
- Enhanced data processing capabilities for European companies
- Strengthened public-private collaboration in AI and tech innovation
The project also aligns with Europe’s strategic push to reduce dependency on foreign tech infrastructure and increase local AI capacity, especially in light of increasing demand for high-performance computing and secure data storage.
Brookfield’s AI Vision in Europe
Brookfield Asset Management has been aggressively expanding into the AI infrastructure space. The Sweden data centre marks a flagship project in Europe and may signal further investments across the continent as demand for cloud computing and AI processing power surges.
A Game-Changer for Europe’s AI Landscape
Brookfield’s $10 billion investment in Sweden is more than just a tech project; it’s a strategic move that could shape the future of artificial intelligence infrastructure in Europe. With a strong commitment to job creation, sustainable innovation, and international partnerships, the project stands to transform both Sweden’s economy and Europe’s AI capabilities.
