Abu Dhabi Fund to Invest $1.5 Billion in GLP’s Digital Growth
The Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth fund, is putting up to $1.5 billion into Singapore-based GLP. The money will help the logistics developer grow its digital infrastructure and renewable energy projects.
ADIA will start by investing $500 million. This first round of funding is meant to speed up GLP’s work on new facilities that can benefit from rising e-commerce, wider use of artificial intelligence (AI), and the shift to cloud computing. It will also support projects linked to renewable energy.
Ming Mei, CEO of GLP, said the deal strengthens the company’s financial position and gives it a chance to grow faster. “This investment positions us well to take advantage of the big market opportunities in the new economy sectors we operate in,” he explained.
GLP already has the support of major investors, including Hillhouse Capital—founded by Chinese billionaire Zhang Lei—Bank of China, and HOPU Logistics Investments. With this backing, the company has been expanding its data centers to keep pace with the AI boom and the growing demand for cloud-based infrastructure, especially in China.
China is GLP’s key market for digital growth. The company has been actively raising money to expand its presence there. Its data centers already have a combined capacity of over 1.4 gigawatts. To fuel this expansion, GLP has launched new funds and also sold part of its assets.
In April, GLP raised 2.6 billion yuan ($363 million) from its first digital infrastructure fund. More recently, the company sold part of its data center business to Quzhou Industrial Holding Group, a state-linked firm, for 2.5 billion yuan. These moves show GLP’s strategy of combining outside investment with asset sales to fund growth.
The partnership with ADIA comes at a time when demand for digital infrastructure is soaring worldwide. E-commerce is driving the need for smarter logistics, while AI and cloud services require large-scale data centers. At the same time, the push toward renewable energy is reshaping how these facilities are powered.
By securing a strong partner in ADIA, GLP aims to speed up its expansion in these high-growth areas. The deal highlights how global investors are increasingly betting on digital infrastructure and clean energy as key parts of the future economy.
Published: 30th August 2025
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