CloudHQ announced a $4.8 billion investment to build a data center in Querétaro, which will have six campuses, according to Marcelo Ebrard, head of the Ministry of Economy .

“This will build a kind of highway for everything related to Artificial Intelligence (AI) in Mexico. To give you an idea, when we use ChatGPT, when we use our cell phone, airplane flights, your refrigerator service, if you have it connected to the internet, all of that depends on data centers,” Ebrard emphasized during this Thursday’s morning press conference.

At the event, Keith Harney, COO of CloudHQ, a global data center company, emphasized that the project will strengthen Mexico’s position in the digital economy .

In addition, 600 high-level jobs and 7,200 well-paid jobs will be created during the construction phase.

“Since 2021, CloudHQ has collaborated with the state of Querétaro and also with the governor of that state, Mauricio Kuri. They have provided us with their support throughout the land acquisition and development process leading up to CloudHQ,” Harney emphasized.

The executive stated that the company has worked constructively with the Federal Electricity Commission (CFE) and other agencies to  ensure the initial power supply  , “and we will continue to collaborate as this capacity increases.”

“CloudHQ is proud to have secured the initial energy to power  the first 200 MW (megawatts) of the 900 MW of electrical load at CloudHQ’s field,” he said.

He explained that the company has been operating for 10 years with 1.5 GW (gigawatts) of contracted capacity, 23 global campuses, and a global investment of just over $17 billion.

The complex will have a capacity of up to 600 MW of critical computing load and will have a 900 MW private substation, as well as a 2 GW substation to support the regional grid and the campus, planned for the second quarter of 2027 .

“Every service, almost every service—your laptop, your messaging systems, your access to artificial intelligence queries, your customer databases—is all linked to data centers,” Marcelo Ebrard emphasized.

According to consulting firm Mordor Intelligence , the data center market in Mexico is estimated to reach $6.6559 billion by 2029, growing at a compound annual growth rate of 7.71% from 2024 to 2029.

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