CorporateTuesday, November 18, 2025

South Korea joins UAE’s U.S.-backed ‘Stargate’ AI data center project

Source: ReutersRead original
South Korean President Lee Jae Myung speaks at the National Assembly on November 04, 2025 in Seoul, South Korea. Chung Sung-Jun/Pool via REUTERS

Summary

South Korea signed a strategic framework agreement with the UAE to collaborate on the Stargate project, an effort to build massive AI data centers in the Gulf. The first 1GW phase is led by UAE’s G42 with partners including OpenAI, Oracle, Nvidia, Cisco and SoftBank; Korea aims to deepen AI investment, supply chain and R&D ties.

Companies Mentioned

OpenAI
OpenAI
AI Lab|United States
Valuation: $500.0B
Private company - No stock data
Nvidia
Nvidia
Chipmaker|United States
Valuation: $4360.0B
NVDANASDAQ
+1.99%
At news: $181.36Now: $184.97
Oracle
Oracle
Cloud|United States
Valuation: $566.6B
ORCLNYSE
+0.47%
At news: $220.49Now: $221.53
SoftBank
SoftBank
VC Firm|Japan
Valuation: $80.0B
Private company - No stock data

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