Core42, a G42 company specializing in sovereign cloud and AI infrastructure, has secured USD 550 million in structured trade finance facilities from HSBC to accelerate its global expansion across the United States and Europe.
The funding comprises two non-equity dilutive facilities of USD 240 million and USD 310 million, completed in February and May 2026 respectively. These facilities are designed to support the capital-intensive nature of AI cloud and compute infrastructure while maintaining financial flexibility.
The financing will enable Core42 to fast-track large-scale capacity deployments aligned with long-term enterprise and hyperscale demand. By leveraging structured trade finance, the company aims to reduce time-to-market for critical infrastructure projects while preserving balance sheet strength.
Headquartered in the UAE, Core42 has been expanding its footprint as a sovereign AI infrastructure operator, serving enterprises, governments, and hyperscale customers. The company already has deployments in the United States and Europe, with its European operations anchored in Dublin and additional deployments underway in Italy and France.
“The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity,” said Neha Gupta, Chief Financial Officer of Core42.
The new facilities enhance Core42’s capital structure and position it to meet rising global demand for AI-ready infrastructure. As artificial intelligence transitions from experimental use cases to mission-critical enterprise workloads, the need for scalable, resilient, and high-performance compute platforms continues to grow.
Core42 executives emphasized that access to structured financing is becoming increasingly important in the AI era, where infrastructure investments require long-term planning and operational discipline. The company’s approach combines capital efficiency with strategic partnerships across hyperscalers and sovereign ecosystems.
Roopal Jobanputra, General Counsel at Core42, highlighted the importance of governance and scalability in infrastructure financing, noting that such financial structures enable sustained deployment while maintaining transparency across international markets.
HSBC also underscored the significance of the deal, indicating that the customized facilities are designed not only to support current deployments but also to provide a scalable financing framework for future initiatives.
With this funding, Core42 aims to strengthen its role in enabling AI-native economies by delivering industrial-scale infrastructure capable of supporting next-generation applications, data-driven innovation, and national digital transformation agendas.
