ADQ’s $25 Billion US Energy Deal Marks Strategic Investment
Abu Dhabi’s ADQ has partnered with US private equity firm Energy Capital Partners to invest $25 billion in energy and data centers. This major deal highlights the UAE’s growing focus on high-potential sectors and strengthens its economic ties with the US.
The agreement includes an initial $5 billion investment, with the full amount expected to be deployed over five years. ADQ Deputy Group Chief Executive Hamad Al Hammadi stated that the investment could increase if new opportunities arise.
Why ADQ is Investing in Data Centers
The demand for data centers is rising globally, driven by artificial intelligence and cloud computing. Remote work and digitalization have accelerated this trend, making energy-efficient data centers essential.
The global data center market is projected to reach nearly $585 billion by 2032, up from an estimated $242.72 billion in 2024. This reflects a strong annual growth rate of almost 12%, according to Fortune Business Insights.
Energy consumption by data centers is also increasing. McKinsey estimates that by 2030, US data center power needs will triple. Currently, these facilities use about 3% to 4% of US electricity, but this figure could rise to 12% by the end of the decade.
Strengthening UAE-US Economic Partnerships
ADQ’s investment aligns with the UAE’s broader strategy to expand in energy and technology. It also reinforces the country’s growing economic relationship with the US.
Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, emphasized the importance of US investment at a recent Houston conference.
Other UAE companies are also expanding their US presence. In February, Adnoc moved its US investments to XRG, an $80 billion energy and chemicals company it launched last year. This includes a 35% stake in an ExxonMobil hydrogen plant in Texas and an 11.7% stake in the NextDecade Rio Grande LNG export facility.
Dubai-based Damac announced a $20 billion investment in US data centers. UAE tech fund MGX also joined global firms in the Stargate AI project in Texas.
ADQ’s latest deal strengthens the UAE’s role in global energy and technology while reinforcing its economic ties with the US.
