EQT, which manages $400 billion, is discussing joint AI and data centre investments with sovereign investors in the UAE and Saudi Arabia, The National reported on 3 November, citing global chair Jean Eric Salata. The Stockholm private equity firm plans to expand its Gulf infrastructure investments through EdgeConneX, a portfolio company that owns more than 106 data centres in 25 countries, Salata said.
EQT opened an office in Abu Dhabi’s ADGM in September. It already manages investments for the Abu Dhabi Investment Authority and invests alongside it, Salata said. The authority and Mubadala joined EQT’s £9.5 billion bid for Britain’s Intertek Group in June. Mubadala also took a $600 million stake in Nord Anglia Education in 2025.
Salata identified chips, energy and data centres as physical constraints on AI infrastructure development and described a 15-year investment horizon for long-term capital providers. Forty EQT portfolio companies have a Gulf presence. Salata expects that number to grow two- or three-fold over five to 10 years.
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