Abu Dhabi’s Zero Two Buys Stake in Singapore’s Evolution Data Centres
Zero Two, a digital infrastructure company from Abu Dhabi, has entered the Southeast Asian market by buying a major stake in Singapore-based Evolution Data Centres, according to the Abu Dhabi Media Office.
About the deal
The investment will give Evolution long-term funding to build large, hyperscale-ready data centres in important Southeast Asian countries.
The exact size of the stake and the deal’s value were not shared.
Zero Two, backed by ADQ, will share control with New York-based Warburg Pincus, which first invested in Evolution in 2022.
Evolution runs environmentally friendly data centres and has expanded to Thailand, the Philippines, and Vietnam. All of its facilities use renewable energy through Power Purchase Agreements.
Andrew Fitzpatrick from Warburg Pincus said Southeast Asia has big growth potential for modern data centres because of rising demand for cloud services and AI. He added that Evolution’s skills, combined with strong investors and local partners, make it a leader in the region’s sustainable data centre market.
This move reflects a trend of UAE companies expanding into fast-growing Asian markets to increase income, meet growing demand for digital services, and build stronger economic ties beyond the Gulf.
Southeast Asia’s rapidly growing economies and limited data infrastructure create strong opportunities for building large, energy-efficient facilities.
Quote
“Evolution’s strong market position and execution skills fit perfectly with Zero Two’s long-term investment strategy,” said Ahmed Al Hameli, CEO of Zero Two.
Key fact
Zero Two has built over 550 megawatts (MW) of data centre capacity in Abu Dhabi.
Market insight
Southeast Asia has 513 data centres operated by 162 providers. The largest is Facebook’s Singapore Tanjong Kling site, with a capacity of 120 MW.
Other UAE moves in data centres
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EDGNEX Data Centers (by DAMAC) recently agreed to buy facilities in the Nordic countries as part of its global expansion.
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In January, EDGNEX announced a $20 billion plan to build data centres in the US.
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In December, it bought land in Madrid for a 22,000 sq. m facility with 40 MW capacity, opening in 2026.
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Also in December, EDGNEX partnered with Greece’s PPC Group to build a $157 million data centre in Athens.
Published: 13th August 2025
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