VENDOR · APAC
Abu Dhabi's MGX eyes multi-billion data center deal for DayOne operator
Abu Dhabi's MGX fund is weighing a multi-billion-dollar acquisition of a data center operator (DayOne) to build AI infrastructure. Part of GCC's push to localize AI compute capacity.
WHY IT MATTERS
Shifts AI chip and inference sovereignty risk; BFSI ops in MENA now have domestic AI inference options. Reduces dependency on US hyperscalers; triggers regulatory arbitrage on data residency.
Source: Reuters · 2026-06-19