Abu Dhabi’s Mubadala invests in Yondr Group

August 21, 2024

Abu Dhabi state investor Mubadala has invested in London-based data centre developer Yondr Group, the fund’s latest foray into a sector that is expected to benefit from booming demand for cloud services and artificial intelligence technology (AI).

Global cumulative data centre demand is expected to grow at a CAGR of 11% by 2032, driven by advancements in AI, 5G technology and the Internet of Things.