Abu Dhabi-Based MGX Secures Nearly US$50 Billion To Support Its Investments In AI Infrastructure And Technology
The new raise by MGX, which is chaired by Abu Dhabi Deputy Ruler HH Sheikh Tahnoon bin Zayed Al Nahyan, advances its ambition to increase its assets under management beyond $100 billion.
A Bloomberg report has said that Abu Dhabi-based artificial intelligence (AI) investment firm MGX has secured close to US$50 billion in fresh commitments from regional and international investors to expand its investments in AI infrastructure and technology.
According to the report, MGX raised the capital from regional sovereign wealth funds, as well as global pension funds and large institutional investors, and it has already begun deploying it.
The latest raise also advances the firm's ambition to increase its assets under management beyond $100 billion. Bloomberg had previously reported that MGX intends to invest as much as $10 billion annually over the coming years, adding to the billions of dollars it has already allocated.
With the new investment vehicle ranking among the world’s largest funds dedicated to AI investments, it has been painted as a reflection of the broader evolution in Abu Dhabi's investment strategy, with MGX bringing in substantial third-party capital alongside traditional state-backed support.
Established with backing from Abu Dhabi-based sovereign investor Mubadala Investment Company and UAE-based technology conglomerate G42, MGX, which is chaired by Abu Dhabi Deputy Ruler HH Sheikh Tahnoon bin Zayed Al Nahyan, has built investments across AI models, semiconductor infrastructure, and data centers. Its portfolio includes stakes in notable AI companies like OpenAI and xAI, and it has also participated in AI infrastructure projects alongside BlackRock and Microsoft.
Pictured in the lead image is HH Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, chairing the company’s second board meeting of 2026. Image courtesy MGX.
