DOHA: Qatar Investment Authority (QIA) and Blue Owl Capital Inc. (Blue Owl) have entered into a strategic partnership agreement with the objective of creating a digital infrastructure platform intended to accelerate global compute available to leading hyperscalers amid surging cloud and AI transformation.
QIA's contribution to the partnership is expected to help launch a digital infrastructure platform with more than $3bn of initial data center assets and is expected to grow over time.
In addition, QIA brings to the partnership a global investment perspective, a long-term capital base, and a deep experience in infrastructure and technology sectors aligning with Blue Owl's permanent capital strategy.
Marking the occasion, CEO of QIA Mohammed Saif Al Sowaidi said: "We are pleased to partner with Blue Owl in this transformational digital infrastructure platform. This partnership aligns with QIA's strategy to engage with leading global firms that are addressing the world’s growing demand for data centers. QIA and Blue Owl are committed to scaling digital infrastructure that will meet the growing demand for data storage and computation requirements globally, with a particular focus on increasing data connectivity."
For their part, Co-CEOs of Blue Owl Doug Ostrover and Marc Lipschultz said: "We are honored to partner with Qatar Investment Authority in advancing the global data center ecosystem. QIA's commitment to innovation aligns seamlessly with our strategy to provide financing solutions to large-scale, resilient, digital infrastructure portfolios. Together, we aim to meet the surging demand for data connectivity and power the next generation of digital transformation."
