Mubadala Invests in Yondr to Expand Data Center Presence
This move is part of the fund’s strategy to address the growing demand for cloud services and AI technology.
Mubadala Investment Co., the Abu Dhabi wealth fund, is investing in London-based data center developer Yondr Group. This move is part of the fund’s strategy to address the growing demand for cloud services and AI technology.[1]
The investment is intended to support Yondr’s growth, with the developer currently holding 878 megawatts in contracted and reserved capacity. While Mubadala did not disclose the deal's full terms, this investment contributes to the more than $20 billion invested in the sector this year.
Mubadala's focus on data centers reflects a regional trend, with the UAE and Saudi Arabia aiming to become AI hubs as they diversify away from oil. As a result, both nations are working to build advanced data centers to support these goals.