Mexico City, Mexico — American-based information technology company CloudHQ has announced a $4.8 billion USD investment. The company says the investment will be in the form of six new data centres in the state of Querétaro.
On Thursday, President Claudia Sheinbaum led the announcement of the $4.8 billion investment by CloudHQ, which she said is a new economic path for Mexico.
“It gives us data processing capacity in the country related to artificial intelligence and the use of information technology in general, but it also opens up a new investment opportunity for us in Mexico.”
Mexico’s Secretary of the Economy, Marcelo Ebrard Casaubon, explained that data centers open the door to a new economy that Mexico will experience in the coming years, providing the necessary road to artificial intelligence.
He said that all day, every day, services will be connected to data centers.
“It will be one of the main drivers of the economy, both in the country and around the world. These data centers will allow us to be on time, train our people on time, integrate services and businesses and facilitate this positive phenomenon in Mexico. That’s the goal.”
Keith Harney, CloudHQ’s Chief Operating Officer, explained that the investment will expand Mexico’s position in the digital economy. He reported that the six data centres, including a switching substation, will span 52 hectares in Querétaro and will utilize 900 megawatts of critical computing power.
He added that they have worked with CFE (Federal Electricity Commission) and the National Energy Control Center (Cenace) to support the expansion of the regional grid. The CFE’s growth plan is for an additional 26,000 megawatts to the country’s installed capacity, 35 percent of this comes from renewable energy through various technologies.
“We have been very well received. We’re very happy. We know that Mexico and the United States, where we come from, have a strategic relationship, a commercial relationship, which, of course, makes us very happy.”
Some key computing applications in data centres include cloud computing, artificial intelligence, connected devices or the Internet of Things, video streaming and virtual and augmented reality. Also, e-commerce, machine learning, payment processing, online learning and connected/autonomous vehicles, among others.
Harney said their $4.8 billion USD investment will create 7,200 jobs in the construction of the six data centers in Querétaro.
