Hungary’s 4iG Group Sign MOUs with Mubadala and e&

Hungary’s 4iG Group has announced that it has signed Memoranda of Understanding (MOUs with key UAE corporate entities such as e&, which is a key global player in the connectivity and digital infrastructure sector, and Mubadala Investment Company, one of the world’s largest sovereign investment firms.

The MOUs were signed during the visit of the UAE President Abu Dhabi Ruler His Highness Mohamed bin Zayed Al Nahyan along with a high-level delegation to Hungary on Thursday.

Speaking on the occasion, 4iG Chairman Gellert Jaszai said that it was an honour for his company to initiate strategic partnerships with the leading technology and investment companies of the UAE.

These partnerships support 4iG Group’s domestic and international growth strategy and may open up new opportunities in the Hungarian, Middle Eastern, North African, and the Western Balkans markets, he said.

He added: “We aim to create long-term value in technological innovation, infrastructure, and investment cooperation with the global players, e& and Mubadala Investment Company.”

Hatem Dowidar, Group CEO of e&, said that their strategic partnership with 4iG is a significant step towards developing cross-regional digital infrastructure that fosters economic growth, resilience, and innovation.

“We believe that well-planned developments and continuously evolving infrastructure create new opportunities for people. This partnership lays the foundation for future projects that connect continents, strengthen communities, and contribute to digital progress in Europe, the Middle East, and Africa,” he added.

Mubadala Investment Companys’ Managing Director and Group Khaldoon Khalifa Al Mubarak said that the MOU marks a significant step in strengthening economic ties between the UAE and Hungary.

This collaboration aligns with Mubadala’s commitment to fostering innovation and driving sustainable growth in high-potential markets around the world, he said.

“By leveraging our global investment expertise and 4iG’s regional leadership, we aim to unlock new opportunities for value creation in Hungary, Central and Eastern Europe, and the Western Balkans, he added.

MOU with e&

The MOU with e& is related to planning, implementation, and operation of submarine data connectivity projects, primarily aimed at enhancing digital links between the Middle East, North Africa, and Europe.

This partnership combines e&’s global leadership in advanced connectivity and ICT solutions with 4iG Group’s strategic position in the Western Balkans and its decades-long expertise in building terrestrial transit infrastructure.

The preliminary agreement also includes plans to jointly develop a data center facility in Albania to support subsea data traffic, alongside potential digital infrastructure initiatives in Hungary through e& and PPF Telecom. Beyond these developments, the partnership includes the potential for further telecommunications and digital infrastructure initiatives and collaborations.

e& is a global technology group with deep roots in connectivity and ranks among the world’s largest telecom operators by number of subscribers. This collaboration combines e&’s global experience and network development expertise with 4iG Group’s strong regional position, laying the foundation for new cross-border digital projects.

Partnership with Mubadala

The MOU with Mubadala Investment Company is expected to pave the way for potential capital market, acquisition, and investment collaborations, with a particular focus on the key economic sectors in Hungary and the Western Balkans.

Mubadala Investment Company manages a global investment portfolio worth over $330 billion and plays key role in various future-focused sectors including space industry, digital infrastructure development, and international technological innovation.

The partnerships will elevate bilateral economic relations to a higher level and strengthen the role of Hungarian companies, including 4iG Group, in connecting the region with the technology and financial hubs of the Middle East.