Doha - Sharikat Mubasher: Qai, Qatar’s AI company and a subsidiary of Qatar Investment Authority (QIA), announced its strategic partnership with Brookfield to establish a $20 billion joint venture (JV) focused on artificial intelligence (AI) infrastructure in Qatar and other global markets.
Under this partnership, both parties will contribute capital and operating expertise to invest in AI infrastructure in Qatar, including the development of fully integrated AI facilities, to support the country’s rapidly expanding digital and AI ecosystem, QIA announced in a press release yesterday.
Benefitting from the Government of Qatar’s strategic support, this collaboration will invest in the skills and supply chain needed to support the backbone of AI infrastructure and the adoption of AI throughout Qatar.
Qai and Brookfield will also explore opportunities to co-develop and construct AI infrastructure in select international markets.
Commenting on the partnership, Mohammed Al-Sowaidi, CEO of QIA, said: “This joint venture is a testament to QIA’s commitment to delivering both local and global impact. Leveraging on the long-term partnership we have with Brookfield, this JV will advance Qatar’s National Vision 2030 and help build a diversified, innovation-based economy for future generations.”
For his part, Abdulla Al-Misnad, Chairman of Qai, stated that the partnership with Brookfield marks an important milestone in Qatar’s journey to build world-class AI infrastructure and capabilities.
“By leveraging Brookfield’s expertise in developing and managing critical infrastructure alongside Qai’s mission to deliver trusted AI solutions, we are creating a robust platform to drive responsible AI adoption. This collaboration will not only attract investment and top-tier talent, but also strengthen Qatar’s position as a trusted hub for advanced digital technologies in the region and beyond,” he added.
Bruce Flatt, CEO of Brookfield, commented: “This partnership combines Qatar’s strategic vision with Brookfield’s global expertise in developing and operating large-scale, mission-critical infrastructure with global partners. Together, we look forward to building an integrated AI ecosystem that will accelerate innovation, deepen regional capability, and support the responsible deployment of advanced AI technologies across the Middle East.”
Moreover, Brookfield and its partners plan to invest in this venture through the recently launched Brookfield Artificial Intelligence Infrastructure Fund (BAIIF).