KKR, UAE's Gulf data hub to invest over $5b in data centers

Global private equity firm KKR has partnered with Gulf Data Hub (GDH) to invest over US$5 billion in data centre infrastructure in the Gulf region.

This marks KKR’s first investment of this type in the area.

The companies announced that KKR has acquired a stake in GDH for an undisclosed amount.

KKR’s investment will be managed through its infrastructure division, which oversees US$77 billion in assets within a broader US$624 billion portfolio, as reported in September 2024.

The agreement was signed in the presence of UAE ministers Thani Al Zeyoudi and Omar Al Olama.

Recent KKR developments

Timeline
06-Nov-2024 📈 KKR’s stake in Fuji Soft blocks Bain’s acquisition plans KKR acquires over a third of Fuji Soft shares Bain’s bid for takeover faces KKR’s intervention
01-Nov-2024 ⚡ KKR, ECP target $50b to meet rising AI infrastructure needs KKR and ECP form $50B alliance for data centers Aim to triple U.S. power demand by 2030
16-Oct-2024 📦 KKR to sell Singaporean logistics firm Goodpack for $1.8b KKR plans to sell Goodpack for $1.8 billion Sale advisers include Deutsche Bank and Rippledot
18-Sep-2024 🏠 KKR-backed unicorn Livspace close to profits amid IPO prep Livspace plans IPO, expecting first net income. Revenue up 40%, 85% from India; 200 stores planned.
19-Jun-2024 💰 KKR-Singtel consortium pledges $1.3b to ST Telemedia’s data center arm

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Recent KKR developments

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