Abu Dhabi’s IHC signs deal for co-investments with U.S. agency

International Holding Co., the vast Abu Dhabi conglomerate overseen by Sheikh Tahnoon bin Zayed, has inked a deal to co-invest with the U.S. government’s foreign investment arm.

The agreement with the International Development Finance Corp. opens the way for collaboration across a broad swath of sectors, including energy, infrastructure, mining, port operations and data centers.

It will focus on projects spanning emerging and frontier markets, with the ability to “deploy capital at scale,” IHC announced.

The deal is unconventional for the DFC, which traditionally funds development projects in lower- and middle-income countries, and comes amid shifting U.S. priorities abroad under President Donald Trump.

KKR to invest in Gulf Data Hub’s seven branches across region

KKR plans to invest in Gulf Data Hub, one of the largest independent data center platforms in the Middle East, amid skyrocketing global data consumption driven by AI and cryptocurrencies.

The announcement will make the global investment firm a major player in the regional data storage market, as GDH owns a portfolio of seven state-of-the-art data centers in the UAE and Saudi Arabia, and additional facilities planned in Kuwait, Qatar, Bahrain and Oman, Bloomberg reports.

Prior investments by KKR in the region include a strategic partnership with ADNOC to create ADNOC Oil Pipelines.

The fund also acquired a commercial aircraft portfolio from Etihad Airways in 2020 through Altitude Aircraft Leasing.