MGX has reportedly raised close to $50 billion from regional and global investors to accelerate its artificial intelligence investment strategy, according to Bloomberg.
The Abu Dhabi-based investment firm is expected to use the capital to pursue AI infrastructure and technology deals, making the raise one of the largest pools of capital dedicated to artificial intelligence investments.
The fundraising reportedly drew commitments from regional sovereign wealth funds, global pension funds, and other large institutional investors. The raise marks a major step for MGX as it expands from a state-backed AI investment platform into a broader global investment vehicle supported by outside capital.
MGX was created to invest across the AI value chain, including semiconductors, AI infrastructure, and AI technology companies. The firm has emerged as one of Abu Dhabi’s most important vehicles for advancing the emirate’s ambitions in artificial intelligence.
The fundraising also highlights Abu Dhabi’s growing role in global AI capital formation. Rather than only deploying local sovereign capital abroad, MGX is now attracting large-scale commitments from international institutions to back AI infrastructure and technology opportunities.
Demand for AI infrastructure has surged as companies and governments seek more computing power, data centers, energy capacity, and software platforms to support increasingly advanced AI systems. MGX’s expanded capital base positions the firm to pursue large-scale transactions across that ecosystem.
Since its formation, MGX has been connected to several major AI-related initiatives and investments. The firm has been involved in backing leading AI companies and infrastructure projects as Abu Dhabi seeks to establish itself as a global hub for artificial intelligence.
The new capital is expected to support MGX’s ability to move quickly on major AI deals, including opportunities tied to data centers, compute infrastructure, chips, and frontier AI companies.
MGX is backed by Abu Dhabi investment company Mubadala and AI company G42. The firm’s strategy reflects a broader effort by the United Arab Emirates to diversify beyond oil and build a larger role in next-generation technology markets.
The reported fundraising strengthens MGX’s position as one of the world’s largest AI-focused investment platforms.
