Inside Abu Dhabi’s MGX AI Investment Fund

Founded in 2024 under the authority of Abu Dhabi’s Artificial Intelligence & Advanced Technology Council, MGX Fund Management Limited is the UAE’s strategic response
to the global race in artificial intelligence. It is structured as a major AI investment fund

In the UAE, tasked with financing the physical and digital backbone of future technology ecosystems.

Chaired by Sheikh Tahnoun bin Zayed Al Nahyan, and with support from Mubadala Investment Company and G42, MGX is based in Abu Dhabi Global Market and led 

by CEO Ahmed Yahia Al Idrissi. Its mandate: deploy long-term capital to advance AI infrastructure, semiconductors, and high-compute technologies that power modern digital economies.

A US$100 Billion Vision

MGX aims to manage up to US $100 billion in assets, creating one of the world’s largest capital platforms dedicated to AI infrastructure investment. The firm has already initiated major partnerships to scale its impact. In September 2024, MGX co-launched the Global AI Infrastructure Investment Partnership with BlackRock, Microsoft, and GIP. The initiative committed US $30 billion in equity, with the potential to scale to US $100 billion, targeting next-generation data centers and energy platforms.

Strategic Global Partnerships

In early 2025, MGX became a founding partner in the Stargate Project, a multibillion-dollar AI initiative with OpenAI, G42, and Oracle. The partnership is focused on building global AI compute platforms and advancing semiconductor investment at scale.

Beyond infrastructure, MGX has taken positions in major AI ventures including Databricks (US $10 billion funding round), xAI (US $6 billion Series A), and Binance, reinforcing its role as a cross-sector investor committed to strategic influence in AI markets.