Abu Dhabi’s Mubadala investment company is deepening its involvement in the rapidly expanding data center market. The $302 billion wealth fund has invested in London-based Yondr Group, a company recognized for its substantial capacity in the industry. This move highlights Mubadala’s strategy to capitalize on the growing demand for cloud services and AI technology.
Mubadala didn’t disclose the cash terms of the deal but confirmed that the investment will fuel Yondr’s growth. Yondr currently manages 878 MW of contracted and reserved capacity, making it a key player in the field. This investment aligns with a broader trend of significant capital flowing into data center infrastructure. In 2023 alone, around $20 billion has been invested in the sector, emphasizing the crucial role these facilities play in the digital economy.
Mubadala expects global demand for data centers to grow by 11% annually until 2032. The fund has also secured other major deals in this space. For example, it has invested in Aligned Data Centers, which operates in the U.S. and Singapore. These investments are essential as Mubadala builds the infrastructure needed for the digital age.
In the Middle East, particularly in the UAE and Saudi Arabia, there is a strong push to become leaders in AI. These nations are working to diversify their economies by constructing advanced data centers—an essential part of their broader modernization efforts. Mubadala’s latest investment in Yondr reflects this commitment to digital innovation.
Mubadala’s continued investments in data centers signal its long-term vision. The deal with Yondr is not just financial; it’s a strategic move to position Mubadala as a key player in the global digital landscape.
