Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleStart Campus plans a €8.5 billion investment in a data hub in Sines, Portugal, to meet growing AI and tech demands.
By Sergio Goncalves
SINES, Portugal (Reuters) - U.S. investment fund Davidson Kempner and Britain's Pioneer Point Partners plan to invest 8.5 billion euros ($9.35 billion) by 2030 in a data centre hub in Portugal to serve a growing demand from major tech and artificial intelligence companies.
They said on Friday their joint project, Start Campus, in the city of Sines, 150 km (93 miles) south of Lisbon, already has one of the planned six buildings in operation.
Investments in data centres, which help provide computing power for AI, have surged since OpenAI launched ChatGPT in 2022, as companies across sectors increasingly shift their operations to the cloud and integrate AI into their offerings.
Portugal's caretaker Economy Minister Pedro Reis said the project is a "structuring investment for the Portuguese economy, which helps to place Portugal in a strategic position in the data economy, taking advantage of Sines' privileged geographical location".
($1 = 0.9087 euros)
(Reporting by Sergio Goncalves, editing by Andrei Khalip)
The article discusses a €8.5 billion investment in a data hub in Sines, Portugal, by Davidson Kempner and Pioneer Point Partners.
The investors are U.S. investment fund Davidson Kempner and Britain's Pioneer Point Partners.
The investment positions Portugal strategically in the data economy and supports the growing demand for AI and tech infrastructure.
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