A $50 billion MGX AI infrastructure fund one of the largest ever assembled for artificial intelligence development is now actively deploying capital across global data centers, semiconductor facilities, and high-compute construction projects. MGX, the Abu Dhabi-based technology investment firm, raised close to $50 billion from regional and global investors to accelerate spending on artificial intelligence infrastructure and technology.
Consequently, the raise positions MGX as a central force in the most ambitious AI infrastructure construction effort the world has ever seen. The fund, structured under the vehicle MGX 1, signals a decisive shift in how sovereign capital flows into AI-driven construction and technology deployment. Furthermore, it demonstrates that frontier AI now demands investment at a scale previously reserved for national infrastructure programs.
How the $50 Billion MGX AI Infrastructure Fund Came Together
MGX raised capital from regional sovereign wealth funds, as well as global pension funds and large institutional investors. Notably, the minimum investment from limited partners stood at $500 million, according to the company’s investment prospectus for its MGX 1 fund. Additionally, the fund closed in recent weeks and ranks as one of the biggest pools of money ever raised purely to invest in artificial intelligence.
Meanwhile, pulling in third-party capital widens the investor base and lets MGX chase bigger deals than state money alone would allow. The raise also marks a turning point. Abu Dhabi has long been an exporter of capital, sending its oil wealth out into the world but now it draws the world’s biggest institutions into its own AI construction agenda.
The scale of this fund reflects today’s brutal economics of frontier AI. Building the chips and data centers to support leading AI models now runs into tens of billions of dollars, and that cost keeps climbing. Therefore, investors are pooling resources at an unprecedented scale.
OpenAI alone spent about $34 billion last year, and the bills for compute show no sign of easing. As a result, governments, sovereign funds, and private equity firms are all racing to buy into what many executives see as the defining technology of the decade.
MGX AI Infrastructure Fund Targets Data Centers, Chips, and Global Construction Deals
MGX has already started spending the capital. It holds stakes in OpenAI, Anthropic, and Elon Musk’s xAI. It has also backed big infrastructure projects alongside BlackRock, Microsoft, and Nvidia, including a $30 billion vehicle aimed at data centers that train and run AI models.
Furthermore, in October 2025, a consortium involving MGX, AIP, and BlackRock’s GIP agreed to acquire Aligned Data Centers for $40 billion from Macquarie Asset Management reported as the largest global data center deal to date.
In September 2024, MGX co-launched the Global AI Infrastructure Investment Partnership with BlackRock, Microsoft, and GIP, committing $30 billion in equity with the potential to scale to $100 billion, targeting next-generation data centers and energy platforms. Additionally, in early 2025, MGX became a founding partner in the Stargate Project, a multibillion-dollar AI initiative with OpenAI, G42, and Oracle, focused on building global AI compute platforms and advancing semiconductor investment at scale.
The next big construction target may be in Asia. MGX has been exploring a multi-billion-dollar deal for DayOne, a Singapore-based data-center operator with facilities across Southeast Asia, Hong Kong, Japan, and Finland. This would be the firm’s first acquisition on the continent. Ultimately, the new fund is a step toward a much larger goal: MGX is targeting more than $100 billion in assets under management.
Why the $50 Billion AI Infrastructure Build Reshapes the Global Construction Landscape
The MGX fund is more than just an investment. It represents Abu Dhabi’s commitment to a future where AI integrates seamlessly into economic growth, innovation, and self-sufficiency. Indeed, with a focus on AI chip manufacturing, next-generation data centers, and fostering local AI startups, Abu Dhabi aims to compete with the likes of the US and China in the race for AI supremacy.
Abu Dhabi has the cash, cheap energy for data centers, and close ties to the biggest names in tech. A $50 billion fund is a vote of confidence in the AI boom from some of the world’s most patient investors. Accordingly, the emirate is transforming from a passive capital exporter into the active builder of AI’s physical backbone.
The race to build AI-ready digital infrastructure is also reshaping investment activity across Asia-Pacific. While the MGX AI Infrastructure Fund is expected to accelerate hyperscale data center construction worldwide, investors are simultaneously pursuing existing strategic assets. A notable example is the proposed sale of STACK Infrastructure’s Asia-Pacific portfolio, valued at more than $30 billion, which has attracted interest from BlackRock-backed AIP, KKR, Brookfield, and other major infrastructure investors. The deal highlights how capital is flowing into both new AI data center developments and established regional platforms.
Project fact sheet
Project Name: MGX 1 Fund AI Infrastructure Investment Program
Total Fund Size: Approximately $50 billion
Target AUM: Over $100 billion in assets under management
Fund Structure: Third-party capital vehicle (MGX 1), open to external limited partners
Minimum LP Commitment: $500 million per investor
Investor Base: Regional sovereign wealth funds, global pension funds, and large institutional investors
Investment Focus Areas: AI data centers and connectivity infrastructure; semiconductor design and manufacturing; AI core technologies and applications; high-compute platforms
Key Active Deals:
- Global AI Infrastructure Investment Partnership ($30 billion equity vehicle)
- Aligned Data Centers acquisition ($40 billion, the largest data center deal globally)
- Stargate Project (multi-billion-dollar AI compute infrastructure with OpenAI, SoftBank, and Oracle)
Pipeline Target: DayOne (Singapore-based data center operator active across Southeast Asia, Hong Kong, Japan, and Finland)
Annual Deployment Target: Approximately $10 billion in deals per year
Project team
Chairman: Sheikh Tahnoon bin Zayed Al Nahyan — UAE National Security Adviser and Chairman of MGX’s Board of Directors; oversees the Artificial Intelligence and Advanced Technology Council (AIATC)
Vice-Chairman: Khaldoon Khalifa Al Mubarak — Managing Director and Group CEO of Mubadala Investment Company ($330 billion sovereign wealth fund); also Chairman of Abu Dhabi Executive Affairs Authority
Managing Director and CEO: Ahmed Yahia Al Idrissi — Former CEO of Mubadala’s Direct Investments platform; holds an MSc from MIT and an Engineer’s degree from École Centrale Paris; serves as Chairman of MGX’s Investment Committee
Board Members:
- Jassem Mohamed Bu Ataba Al Zaabi — Chairman of Abu Dhabi’s Department of Finance and member of the Supreme Council for Financial and Economic Affairs
- Peng Xiao — CEO of G42 Group, Abu Dhabi-based global AI holding company and MGX founding partner
Founding Partners: Mubadala Investment Company (Abu Dhabi sovereign wealth fund) and G42 (Emirati AI and technology conglomerate)
Key Global Partners: BlackRock, Microsoft, Nvidia, OpenAI, Oracle, SoftBank, and Global Infrastructure Partners (GIP)
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