Abu Dhabi’s Mubadala Investment Co is reportedly in discussions to buy a Singapore data centre operator STT GDC alongside the U.S. private equity firm: KKR & Co.
The consortium is led by KKR & Co whilst Singapore’s GIC – alongside other sovereign wealth funds – are consulting with the group as possible co-investors. Bloomberg first reported the news citing undisclosed sources.
A consortium member, the Singapore Telecommunications (Singtel), confirmed that it was in advanced talks concerning STT GDC, yet no definite agreement has been reached.
KKR and Singtel are both investors in STT GDC, following a minority acquisition in 2025 ($1.3B).
Mubadala, ADQ, and L’IMAD Holding are allocating investments into tech and AI. Data centres are critical for the UAE’s push for digitalisation across all sectors, reducing dependence on foreign infrastructure instead controlling high-capacity data centres under UAE sovereignty.
Data centres provide the infrastructure to scale-up digitalisation, via AI, which require AI chips. Both centres and chips support sovereign AI regulation, within UAE borders, reinforcing investment into the country than splitting it between multiple jurisdictions.
STT GDC operates in more than 100 data centres across 20 markets, including India, South Korea, Japan, Malaysia, the UK, Italy, and Germany.
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