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Madrid nets $18bn in data centre investment over the next 3 years

The capital expenditure is estimated to contribute as much as US$65.5 billion to the Spanish economy in just 12 quarters and could challenge Paris as a major hosting hub on the European continent.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

July 03, 2023 | 10:39 PM BST

Madrid nets $18bn in data centre investment over the next 3 years

Ignacio Velilla, president of Spain DC. Source: Spain DC

The Tech Capital

The Spanish Data Center Association (Spain DC) said it estimates that the Community of Madrid will enjoy an investment drive worth €16.32 billion (US$17.8 billion) over the next three years.

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João Marques Lima

Founder and Editor, The Tech Capital

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