Anders Danielsson, CEO of Swedish builder Skanska, said the company is becoming more picky when choosing AI data center projects, favoring mature technology customers, while being cautious about emerging developers facing financing and execution risks. “We're not seeing any signs of slowing down,” he said, and instead of delaying the project, the existing client has commissioned the construction of a larger facility. According to reports, Skanska's construction orders surged 70% in the third quarter to 68 billion kroner, including a US data center contract worth 11.2 billion kroner, bringing the total backlog of orders to a record 328.3 billion kroner.

Anders Danielsson, CEO of Swedish builder Skanska, said the company is becoming more picky when choosing AI data center projects, favoring mature technology customers, while being cautious about emerging developers facing financing and execution risks. “We're not seeing any signs of slowing down,” he said, and instead of delaying the project, the existing client has commissioned the construction of a larger facility. According to reports, Skanska's construction orders surged 70% in the third quarter to 68 billion kroner, including a US data center contract worth 11.2 billion kroner, bringing the total backlog of orders to a record 328.3 billion kroner.