US Ambassador Sees $40 Billion Tech Investment Wave Into Portugal by 2031

U.S. Ambassador John Arrigo said Portugal is set to attract more than $40 billion in U.S. technology investment by 2031, positioning it as Europe’s biggest hub for American AI infrastructure. He made the remark at an event marking Google’s new “Nuvem” transatlantic cable connection, calling it the clearest sign of a strengthening partnership between Washington and Lisbon. Arrigo linked the expected investment to Portugal’s expanding data-center pipeline, including more than 2.6 GW under development, with the 1.2-GW Start Campus project in Sines supported by Davidson Kempner.