EQT stock explores Gulf AI infrastructure partnerships

EQT is discussing potential joint investments in artificial intelligence, data centres and related infrastructure with sovereign investors in the United Arab Emirates and Saudi Arabia. The National reported the discussions on November 3, citing EQT global chair Jean Eric Salata.

Salata said the firm was examining opportunities with investors in both countries, with a particular focus on physical infrastructure needed to expand AI capacity. The talks cover potential co-investments rather than a completed transaction, and no investment size, structure or timetable was announced.

EdgeConneX Anchors Gulf Expansion

EQT plans to use portfolio company EdgeConneX as a platform for a possible regional expansion. According to The National, EdgeConneX operates more than 106 data centres across 25 countries, giving EQT an existing operating base as demand for computing capacity, power generation and digital infrastructure grows.

The report said EQT manages about 400 billion US dollars in assets, including more than 100 billion US dollars in digital and energy assets. Salata described chips, energy and data centres as the physical constraints on the AI build-out and said the opportunity suits providers of long-term capital with a 15-year investment horizon.

The regional opportunity is substantial but competitive. The National said the UAE, Saudi Arabia and Qatar have announced AI investment plans totalling 120 billion US dollars. The UAE is pursuing a planned five-gigawatt UAE-US AI campus in Abu Dhabi, while Saudi Arabia has launched Project Transcendence, a 100 billion US dollar programme for domestic AI and data infrastructure.

Abu Dhabi Office Supports Relationships

EQT opened an office in Abu Dhabi's Abu Dhabi Global Market in September. The company already works with the Abu Dhabi Investment Authority and has co-invested with Abu Dhabi's Mubadala, making existing sovereign relationships an important part of the potential funding route.

About 40 EQT portfolio companies already have a presence in the Gulf, according to The National. Salata said the group expects that number to grow two- to three-fold over five to 10 years as EQT brings more portfolio businesses into the region. Infrastructure, education, health care, technology and energy are among the sectors identified for further investment.

What Investors Will Watch Next

The next material step would be the identification of a sovereign partner, a committed amount or a defined AI infrastructure project. Until then, the talks offer a strategic growth option but do not change EQT's reported earnings or establish a transaction pipeline.

EQT stock traded at 28.40 euros on Lang & Schwarz at 10:49 CET on Tuesday, November 10, 2026.

European private-markets investors are also monitoring the wider Euro Stoxx 50 market environment as capital continues to move toward digital infrastructure.

Further developments will depend on whether discussions produce investable projects and whether EdgeConneX can convert regional AI demand into infrastructure commitments. More news and analyses on EQT stock.