Abu Dhabi Is Eyeing A $20B Asian Data Center Acquisition

Abu Dhabi is eyeing Asia's largest DC acquisition.

It's part of a bigger push to reduce oil dependence.

MGX is reportedly exploring the acquisition of Singapore’s DayOne, a move that would give it instant scale across Southeast Asia, Japan, and Finland.

- MGX is backed by Mubadala and G42
- DayOne is backed by Hillhouse Investment
- Coatue Management led DayOne funding rounds
- Linked to dealmaking tycoon Sheikh Tahnoon
- Already invested in OpenAI, xAI, and Anthropic
- Pipeline exceeds 1.5GW of booked capacity

Abu Dhabi already has two $30B bets on AI:

A BlackRock GIP infrastructure platform and the Stargate UAE campus.

DayOne would plant a third flag in Southeast Asia's fastest-growing compute corridor.

While the situation in the Strait of Hormuz pressures near-term cash flows, Abu Dhabi is still deploying capital aggressively into the physical backbone of AI.

They're playing a multi-decade game.

When the oil stops, you need to own something the world can't function without.

Will Abu Dhabi win the race for AI?