MGX to raise $25bn for AI push

Published on August 8, 2025

UAE technology investment company MGX plans to raise $25 billion to boost its AI efforts through a fund structure, with financial and strategic investors expected in Abu Dhabi and beyond. Mubadala Investment Co and AI business G42 will remain MGX's founding partners, supported by the UAE government and private partners like Microsoft. MGX is chaired by Sheikh Tahnoon bin Zayed Al Nahyan and CEO Khaldoon Al Mubarak. In September, MGX joined the $30 billion Global AI Infrastructure Investment Partnership for data centers and energy infrastructure.

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