Canadian company Brookfield Asset Management (BAM) plans to invest up to 95 billion Swedish kronor ($9.91 billion) to build an artificial intelligence data center in Sweden, the company said in a statement on Wednesday.
The facility in the municipality of Strängnäs, west of Stockholm, will create more than 1,000 permanent jobs and about 2,000 additional jobs during the 10-15 year construction period, BAM said.
“This investment is one of Brookfield’s largest in Europe in artificial intelligence, expanding its partnership with the Swedish government, public authorities, academia and businesses in the region,” the company said in the statement.
Swedish Prime Minister Ulf Kristersson welcomed the announcement on social media X.
U.S. technology group Nvidia announced last month that it would provide its latest generation of artificial intelligence data center platforms to a group of Swedish companies, including telecom equipment maker Ericsson and drug developer AstraZeneca.
