$300 Billion: The Price Tag to Save the Mediterranean
Noomen Fehri, Managing Partner of MEDIN Fund Management Company, concluded the Mediterranean AI Forum in Tunis with a shocking statement: "We need $300 billion to save the Mediterranean." In fact, Fehri emphasized that the Mediterranean DNA of AI is based on usefulness and optimality: "AI will not be where there is the most money, but where it is optimal and useful, considering the resources invested and the number of lives it can save." He also highlighted the essential financial support needed to achieve these ambitions. Through public and private instruments, he estimated that a total investment of $300 billion would be necessary for the region:
- $100 billion for energy
- $100 billion for creating 50 optimized data centers
- $100 billion for infrastructure and startups that will occupy them He specified that this funding should come from a public-private partnership, with an approximate distribution of 20% public and 80% private.
Concrete Actions
Fehri indicated that working groups are already in place, with specific milestones:
- A first meeting is scheduled for January 28th in Paris
- Follow-up discussions will take place during the Forum of Funds in May and at the next edition of the forum The goal is to transform ideas and projects into concrete actions over the next five to ten years.
