Meta: Facebook's Meta to build $1 billion facility for the Metaverse

Mar 18, 2022 | Posted by MadalineDunn

As Meta gets underway with its Metaverse plans, it has announced that it will be investing $1 billion in a new data center campus in Castilla La Mancha in the Toledo region of Spain, which will form the basis of the project. The facility will reportedly be built on a 191-hectare parcel of land. Madrid will also reportedly host the world's first Meta Lab.

Speaking about centering its focus on Spain, Meta's Javier Olivan, vice president of cross-Meta products and infrastructure, said in a statement. "As our company prepares to help build the metaverse, we're placing Spain at the heart of our plans."

He also outlined that the project will generate "new, high skilled jobs, support for local entrepreneurs and tech businesses and investment in vital digital infrastructure". Moreover, the company will recruit 2000 people over the next five years.

Commenting on the data center project and what it means for the region, Emiliano García-Page, president of Castile-La Mancha, said "it's not just any initiative" and "with a stroke of the pen can be making use of all the industrial land that was left unused in Talavera". 

According to reports, although the new data center is expected to be built by 2023, it won't be fully operational until 2029.