Abu Dhabi - Sharikat Mubasher:  MGX, a leading AI and advanced technology investor based in Abu Dhabi, raised $50 billion from regional and global investors to accelerate spending on artificial intelligence infrastructure and technology.

The new capital was raised from regional sovereign wealth funds, global pension funds, and large institutional investors, people familiar with the matter told Bloomberg.

MGX has already deployed capital from the new fund, which closed in recent weeks. It ranks as one of the biggest dedicated AI investment vehicles.

This milestone underscores Abu Dhabi’s efforts to transform its vast oil wealth into long-term influence over the technologies expected to reshape the global economy.

Chaired by Sheikh Tahnoon bin Zayed Al Nahyan and backed by Mubadala Investment Company and G42, MGX rapidly assembled a portfolio spanning frontier AI models, semiconductor infrastructure, and data centers.