US Iozera invests $500 million in 386 MW data center and AI hub at Eureka Park in Tetouan

American tech startup Iozera will formalize a memorandum of understanding (MoU) with Morocco on May 8 in Austin, Texas, to create a pioneering 386 MW data center and AI hub at Eureka Tetouan Park in 2026, powered by renewable energy. Details

American tech startup Iozera, co-founded by Timothy Ngo and Takeshi Hirota, has partnered with the Moroccan government to launch “an unprecedented initiative that will revolutionize the artificial intelligence (AI) industry,” announce your promoters.

The two entities have signed a memorandum of understanding (MoU) to establish a 386 MW state-of-the-art data center and artificial intelligence hub in Tetouan, northern Morocco, with the aim of democratizing access to IT resources for the advancement of artificial intelligence.

An integrated complex worth 500 million dollars covering 50,000 m2

The project will be installed in the heart of Eureka Park in Tetouan with the intention of establishing a leading global technology hub centered around a 386 MW hyperscale AI data center called Iozera.

The location, valued at $500 million, will be built on an area of ​​approximately 50,000 m2 and will be used to develop innovation projects in advanced medicine with the dynamic dental chatbot project Kriss.ai Healthcare LLM, but also in various industrial sectors, including future cars or even agritech.

Iozera includes three additional facilities designed to enhance data center capabilities far beyond traditional data center services.

AI data center, GenV data management, incubation

The three facilities will be split between the Iozera AI data center designed for advanced AI computing and traditional data storage, attracting leading technology companies and researchers from around the world to GenV’s data management services that focus on AI training, data management, annotation and annotation, creating opportunities for employment and also a pioneer in safe training/artificial intelligence modeling and Ryse Research in the form of an ‘incubation and training center that nurtures startups and also prepares Moroccans for employment in Eureka Park.

An AI Expo is also planned to showcase the latest global developments in AI from startups and large companies aimed at promoting a technology-driven culture, thereby enhancing Eureka Park’s visibility and attracting international attention.

This strategic partnership aims to improve the availability of GPU-based processing for researchers, startups and enterprises not only in the United States and Morocco, but globally. By facilitating access to these resources, the initiative will facilitate innovation and move the industry forward.

One of the main strengths of this partnership is its commitment to sustainable development. By utilizing Morocco’s abundant renewable energy resources, the data center and AI Hub will run on clean energy, contributing to Morocco’s ambitious renewable energy goals and demonstrating its commitment to a sustainable future. This emphasis on sustainability is likely to attract companies and researchers who care about the environment and value green operations.

It is powered by renewable energy

The facility will take advantage of Morocco’s abundant renewable energy sources (including those from the nearby Koudia Al Baida wind farm and the Noor solar energy complex in Ouarzazate), allowing the data center and IA Hub to run on clean, energy-efficient energy.

Renewable energy sources will provide a continuous and sustainable source of energy for the Iozera data center. They are not only sustainable, but also cost-effective, further reducing Iozera’s operating costs

This is in line with Morocco’s ambitious renewable energy goals and demonstrates its commitment to a sustainable future.

The MOU signing event is scheduled for May 8 at Capital Factory in Austin, Texas. The participants are Mohcine Jazouli, Minister Envoy in charge of investments, convergence and evaluation of public policies, Ghita Mezzour, Minister Envoy in charge of digital transition and administrative reform, as well as a large government delegation and the Moroccan Agency for Investments and Export Development (AMDIE). In addition, a special delegation from Pegatron from Taiwan, including CTO James Shue, will be present, highlighting the significant commitment to this transformation project.

Distinguished guest speakers including James Shue, CTO of Pegatron, Ahmed Bennis, General Manager of Tanger Med Zone, Timothy Ngo and Takeshi Hirota, Co-Founder of Iozera will also speak.

To celebrate this partnership, the signing ceremony will be followed by an AI mixer and networking event. Attendees will have the opportunity to collaborate with industry experts, including James Shue and the co-founders of Iozera.

“The creation of the 386 MW Iozera data center and artificial intelligence hub at Eureka Park in Tetouan will mark an important milestone in the global artificial intelligence landscape,” we note. Equipped with state-of-the-art facilities and focused on renewable energy sources, this project is qualified as “revolutionary” it will not only attract leading technology companies and researchers, but also create employment opportunities and foster a technology culture.

Iozera Morocco, operational in mid-2026

Construction is expected to begin in late 2024, and the data center and AI Hub are expected to be operational by mid-2026, just in time to welcome customers and visitors for the 2030 FIFA World Cup in Morocco. “This ambitious initiative sets a new standard for AI innovation and paves the way for a sustainable and prosperous future”we assure you.

The collaboration between Iozera and Morocco to establish an AI Hub in Tetouan, Morocco comes at a time when the global AI industry is experiencing significant growth and development. This initiative will not only democratize access to advanced AI computing resources, but also meet the growing demand for GPU-based processing.

In addition, the creation of the 386 MW Iozera data center and AI hub in Tetouan’s Eureka Park will position Morocco as a leading hub for AI innovation. State-of-the-art facilities and access to advanced computing resources will attract technology companies and researchers from around the world, fostering a technology culture and creating employment opportunities in the region.

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