News

Mubadala invests $500m in US data centre

Server_roomUAE-based investment company Mubadala has struck a deal to invest $500 million in Cologix, the US data centre. The investment will be made in partnership with Stonepeak Infrastructure Partners, a US-based private equity firm which is and will remain the majority shareholder in Cologix. The data centre currently operates in 28 interconnection hubs and 5 hyperscale facilities across 10 North American markets. The capital injection from Mubadala will be used to expand its operations across the US and Canada “to meet the growing needs of its data centre customers” stated Cologix. “As a global investor, we continue to look closely at opportunities in sectors such as ICT, which are rapidly transforming the world,” said Khaled Al Qubaisi, chief executive of Mubadala Aerospace, Renewables and ICT. “As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.” ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.