Sovereign wealth fund Qatar Investment Authority (QIA) is providing financial backing for a new digital infrastructure platform being launched with Blue Owl Capital to initially hold more than $3bn worth of data centres.
The two firms said they plan to create and expand over time “a digital infrastructure platform intended to accelerate global compute available to leading hyperscalers amid surging cloud and AI transformation”.
Mohammed Saif Al-Sowaidi, CEO of QIA, said: “We are pleased to partner with Blue Owl in this transformational digital infrastructure platform. This partnership aligns with QIA’s strategy to engage with leading global firms that are addressing the world’s growing demand for data centres.
“QIA and Blue Owl are committed to scaling digital infrastructure that will meet the growing demand for data storage and computation requirements globally, with a particular focus on increasing data connectivity.”
Doug Ostrover and Marc Lipschultz, co-CEOs of Blue Owl, said: “We are honoured to partner with Qatar Investment Authority in advancing the global data-centre ecosystem.
“QIA’s commitment to innovation aligns seamlessly with our strategy to provide financing solutions to large-scale, resilient, digital infrastructure portfolios. Together, we aim to meet the surging demand for data connectivity and power the next generation of digital transformation.”
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