Brookfield Asset Management announced plans to invest up to SEK 95 billion ($10 billion) in Sweden to develop a major artificial intelligence infrastructure hub, marking one of its largest AI investments in Europe.

The centerpiece of the investment is a new AI data center in Strängnäs, which will expand to a 750 MW capacity across 350,000 square meters. The project is expected to create over 1,000 permanent jobs and support an additional 2,000 during the 10–15-year construction phase.

“This extends beyond data centers and into data transfer, chip storage and energy generation,” says Sikander Rashid, Brookfield’s Head of Europe. “Today marks another important step for boosting sovereign compute capabilities for both public services and private enterprises in Europe.”

The initiative reinforces Brookfield’s ongoing partnership with Sweden and its push to become a leading AI hub. It follows a €20 billion AI infrastructure pledge in France earlier this year and underscores Brookfield’s growing role in building the global AI value chain.