JPMorgan Chase CEO Jamie Dimon expressed optimism about achieving permanent peace in the Middle East during remarks at the Hill & Valley Forum on March 24. He said that Saudi Arabia, the UAE, Qatar, America, and Israel all want permanent peace in the region.

Dimon said he remains optimistic about the future of the Middle East despite the war in Iran. He said that Middle Eastern countries' attitudes toward peace have evolved over the past decades.

The banking executive linked regional stability to economic development, saying that foreign direct investment in Middle Eastern countries depends on achieving permanent peace. "They can't have neighbors lobbing ballistic missiles into their data centers, thinking that people would put $10 billion in a data center," he said.

He said that Israel should do more to begin setting up a rational Palestinian state.

Data centers have become targets in the war, which has continued into its third week. Amazon said that drone strikes had damaged three of its data centers in the region earlier this month.

Major cities in the UAE, including Dubai and Abu Dhabi, have emerged as financial hubs in recent years, attracting investors.

"Data centers have become the new infrastructure for economies," said James Lewis, senior advisor at the Center for Strategic and International Studies. "If you think about how people are going to build infrastructure, before it was railroads and steam engines. Now it's data centers and fiber optics."