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United Arab Emirates

Mubadala buys slice of EQT-backed European fibre player

EQT said the EQT Infrastructure III and IV funds (combined EQT Infrastructure) have signed an agreement to sell a minority stake in GlobalConnect to Mubadala Investment Company. Having been invested in the company since 2017, EQT Infrastructure will remain as the largest owner following the closing of the transaction. Headquartered in Stockholm, Sweden, GlobalConnect is ...

October 17

Heavy machinery begins building Khazna’s 43MW data centre sites in Dubai

Middle East and North Africa digital infrastructure developer Khazna Data Centers has broken ground on two data centre facilities in Dubai. Adding to its existing presence in the United Arab Emirates (UAE), the two facilities to be known as DXB2 and DXB3, are located in Dubai Design District and Ibn Battuta respectively. The DXB3 facility will be an extension of an exist...

October 12

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