Meta Platforms and BlackRock have announced a joint venture to develop and operate a data centre campus in El Paso, Texas, with an estimated cost of US$14 billion. The project, set to begin construction, aims to establish a major hub for data storage and processing, leveraging the region's infrastructure and strategic location. The collaboration between the tech giant and the financial services firm highlights a growing trend of investment in data infrastructure across the United States.
The partnership is expected to create thousands of jobs during both the construction and operational phases, contributing to the local economy. El Paso's selection as the site underscores its appeal for large-scale tech projects, offering access to reliable energy sources and a skilled workforce. The data centre is projected to support a range of services, including cloud computing and artificial intelligence, as demand for digital infrastructure continues to rise.
The announcement was made in New York, where both companies have significant operations. The project represents a major step in Meta's expansion strategy, aligning with its goals to enhance global data capabilities. BlackRock's involvement brings expertise in managing large-scale infrastructure investments, ensuring the project's long-term viability. (nst.com.my)
