Data Centers’ Economic Impact Unveiled by Khazna and WhiteShield

Khazna Data Centers, in collaboration with WhiteShield, has released a pivotal whitepaper detailing the significant impact of data center infrastructure on economic growth and employment. The report, titled “Navigating the Economic Landscape of Data Centers,” explores how robust data center infrastructure drives global economies amidst the AI and technology revolution.

The global hyperscale data center market is set to reach an estimated $935.3 billion by 2032, with a compound annual growth rate (CAGR) of 27.9%. This growth is propelled by the rising demand for data-driven technologies such as Artificial Intelligence (AI) and Machine Learning (ML). In 2022 alone, Foreign Direct Investment (FDI) in data centers totaled $44.8 billion, underlining the sector’s crucial role in the global economy.

Data centers are increasingly dedicated to AI workloads, with over 20% of global data center capacity now supporting AI applications. The World Economic Forum projects that AI will create a net gain of 12 million jobs by 2025, highlighting its potential to stimulate employment and economic development.

Economically, data centers have a profound impact, with each facility contributing approximately $243.5 million in local economic output and sustaining 157 jobs. Additionally, data centers contribute $32.5 million to local economies and generate $1.1 million in government revenue, showcasing their essential role in economic growth.

The whitepaper also addresses sustainability, noting that global electricity consumption linked to AI is expected to rise significantly by 2027. In response, Khazna Data Centers emphasizes its Future First Strategy, which focuses on investing in renewable energy and innovative cooling technologies to minimize the environmental impact of data center operations.

Johan Nilerud, Senior Director of Strategy and Planning at Khazna Data Centers, stated, “The digital revolution highlights the critical role of data centers in driving the next phase of digital transformation. Our report reveals the direct economic benefits and employment opportunities created by data center investments, along with their foundational role in supporting innovation and societal progress.” Philippe Nahas, Partner at WhiteShield, added, “Robust data center infrastructure is essential not just for technological advancement but also as a strategic driver of economic prosperity and job creation. Our latest whitepaper emphasizes the importance of leveraging AI to enhance global economies.”