Greece is on the verge of a significant transformation in its digital economy with the announcement of a $330 million investment by the French company Data4 to construct a state-of-the-art AI data centre in Paiania, near Athens. This project is not merely an addition to Greece’s digital infrastructure; it signifies an ambitious leap towards establishing Greece as a pivotal hub within the digital landscape of Southeast Europe.
Data4 operates a well-regarded network of data centres across six European countries and is keen to partner with local banks to finance the investment. Olivier Micheli, the CEO of Data4, noted that this data centre will significantly enhance Greece’s economy and its digital ecosystem. In addition, there are prospects for further development, with a potential €200 million investment aimed at establishing two additional centres.
The strategic location of Greece allows easy access to Europe, Asia, and Africa, making it an attractive choice for companies seeking to enhance their digital capabilities. The new data centre will bolster this geographic advantage, positioning Greece as a critical digital gateway.
The country is already witnessing a surge in interest from leading global tech firms. Companies like Microsoft and Google are planning substantial investments in Greece, drawn by its improving telecommunications infrastructure and governmental support for digital transformation. With this background, the data centre is set to play a key role in managing vast amounts of data, particularly with the rising demand for AI and cloud services.
Industry research is painting a promising picture for Greece’s data centre sector, which is projected to grow at an annual rate of 9% until 2028. The government’s commitment to digital transformation is helping to build a conducive environment for this growth. As more data centres emerge, Greece is on track to become the second-largest data hub in the Mediterranean, rivaling established players in the region.
The expansion of the digital economy is not merely a matter of increasing the number of data centres; it reflects a broader trend towards innovation and technological advancement. As Greece continues to invest in its digital infrastructure, it enhances its attractiveness for foreign investment, positioning itself as a leader in the wider Southeast European region.
In this climate of change, local businesses will benefit greatly from improved digital capabilities. Access to modern data facilities will empower Greek firms to adopt advanced technologies, implement AI solutions, and ultimately become more competitive on an international scale. Furthermore, the investment is also expected to create jobs, driving economic growth and enhancing local communities.
In conclusion, the establishment of a major AI data centre in Greece is emblematic of the country’s ambitions to be at the forefront of the digital economy. With strategic investments and partnerships, Greece is poised to become a vital player in the global digital arena, offering opportunities for innovation, growth, and economic development.
