Friday, June 14, 2024

Mubadala is set to invest $ 350 million in Princeton Digital

Date:

Mubatala Investment Company agrees to invest $ 350 million in Princeton Digital Group; The data center company in Asia is headquartered in Singapore.

A report said yesterday that the deal was part of more than half a billion dollars in funding, with the “Warburg Pincus Corporation” and the Ontario Teachers’ Pension Fund (Ontario Teachers Fund) being “current partners” in Princeton Digital.

Khalid Abdullah Al Qubaisi, CEO of Mubatala Investments’ Real Estate and Infrastructure Investment, said: “As one of the most important sovereign funds in the world, we are pleased to be a major investor in Princeton Digital. We must support its growth.”

He pointed out that Princeton Digital is a leading data center infrastructure platform operating in an attractive market, catering to the growing demand from the large-scale computer industry and digital economies in Asia.

For his part, Rango Salkami, Co-Founder, President and CEO of Princeton Digital, said: “Mubadala has a proven track record of long-term investment and extensive experience in digital infrastructure, which makes it an excellent partner for us to continue to expand our business.

Founded in 2017, the Princeton Digital Group is a data center operator in Asia that has a significant presence in the most important Asian digital economies.

The team, which includes 20 data centers with a capacity of 600 MW in five countries, enables the Internet and cloud companies and financial institutions to meet the growing demand for world-class and scalable Internet infrastructure and data center services across Asia.


Follow our latest local and sports news and the latest political and economic developments via Google News

Share

Print




Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

Exhibition Stand Builders in Dubai

Dubai, a global hub for trade and commerce, is...

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Artificial Intelligence in Daily Work

Using AI has become a part of our everyday...

Fit and Fabulous in Dubai: Strategies for Succeeding in Weight Loss with a Busy Schedule

Achieving weight loss while maintaining a busy schedule in...