For most of the AI boom, the bottleneck was chips. Increasingly, it is electricity. In the US, the world’s largest data centre market, the grid interconnection queue holds about 2,300GW of projects, and new AI campuses can wait years for the electricity they need. TrendForce estimates that by 2030, global data centre demand could exceed available grid capacity by more than 250GW. That shift has made the UAE’s natural advantage – abundant energy and the ability to build quickly – valuable.