Core42, a G42 company focused on sovereign cloud and AI infrastructure, has secured US$550 million in structured trade finance facilities from HSBC to accelerate AI cloud and compute deployments across the US and Europe.
The UAE-headquartered company completed two non-equity facilities worth US$240 million and US$310 million in February and May 2026. The funding is designed to support the capital demands and deployment cycles associated with industrial-scale AI infrastructure.
Core42 said the facilities will strengthen its ability to expand large-scale compute capacity tied to long-term enterprise and government demand while maintaining disciplined capital allocation. The company operates across the UAE, US and Europe and is expanding its sovereign AI infrastructure footprint through partnerships with hyperscalers and regional governments.
Neha Gupta, Chief Financial Officer, Core42, said the financing reflects growing institutional confidence in AI infrastructure as a long-term industrial asset class.
“The provision of the trade facilities by HSBC will strengthen our ability to deploy capacity at speed across the US and Europe while maintaining financial discipline and a long-term growth framework,” Gupta said.
Core42’s European expansion is anchored by its Dublin headquarters, with deployments underway in Italy and France.
Shaikha AlMarri, Head of Banking UAE, HSBC, said the financing structure would support current deployments while creating a framework for future funding initiatives.
Core42 said demand for AI infrastructure is increasing as enterprises move from projects to mission-critical deployments requiring governance, cloud environments and compute capacity. The company expects the facilities to improve deployment speed and support expansion opportunities.
