Core42 has secured a $550 million debt facility from HSBC.
The Abu Dhabi-based technology company secured the funding to accelerate its international expansion. The capital will directly support the construction of artificial intelligence infrastructure across both the United States and Europe.
Expanding Core42 Global Infrastructure
The new capital injection marks a major step for the Abu Dhabi firm. Core42, which operates as a subsidiary of the technology group G42, has focused heavily on sovereign cloud systems and digital enablement. This latest transaction allows the company to establish a stronger physical footprint in Western markets.
Our reporting indicates the funding will help deploy advanced data centres. These facilities are designed to handle massive computational workloads required by modern generative AI models. The expansion comes as global demand for specialized AI hardware continues to outpace supply. Core42 aims to bridge this gap by offering localized cloud services to enterprise clients.
Details of the HSBC Financing
HSBC structured the $550 million facility specifically to support high-growth technology deployment. The bank has increasingly targeted digital infrastructure projects in the Gulf region. This deal represents one of the largest technology-focused debt facilities secured by an Abu Dhabi entity this year.
The transaction shows growing institutional confidence in regional technology firms. Financial institutions see long-term value in backing physical digital infrastructure. The deal also underscores HSBC's commitment to financing digital transformation projects across key trade corridors.
Supporting Abu Dhabi Technology Goals
This expansion aligns with Abu Dhabi's broader economic diversification plans. The emirate continues to position itself as a global hub for advanced technology and machine learning. By exporting its capabilities to the US and Europe, Core42 strengthens the UAE's position in the global tech supply chain.
The company has not yet disclosed the exact locations of the new data centres. However, industry observers expect development to begin later this quarter. The move reflects a growing trend of UAE-born technology companies scaling their operations internationally.
What Comes Next for the Firm
Core42 will likely deploy the capital in phases. The first phase will focus on securing real estate and power connections in key European markets. Power availability remains a critical bottleneck for AI data centres globally, making early procurement essential.
The company's expansion will also create new opportunities for collaboration. By operating infrastructure in multiple jurisdictions, Core42 can offer sovereign cloud solutions that comply with local data residency laws.
