Status
ACTIVE
Global HQ
Abu Dhabi, United Arab Emirates
Countries of investment
- United States
- United Arab Emirates
- France
Investment stages
- Growth
Industries
- Artificial Intelligence
- Semiconductors
- Infrastructure
- Software
- Automation
- Life Sciences
About
MGX is an Abu Dhabi-based AI and advanced technology investment company founded in March 2024 as a joint venture between sovereign wealth fund Mubadala and AI firm G42. Chaired by Sheikh Tahnoun bin Zayed Al Nahyan and led by CEO Ahmed Yahia Al Idrissi, MGX is targeting over $100 billion in assets under management and has rapidly become one of the world's most consequential AI investors, co-leading or participating in the largest rounds for OpenAI, Anthropic, xAI, and Databricks, alongside infrastructure mega-deals including the Stargate Project, AI Infrastructure Partnership (with BlackRock and Microsoft), and the $40 billion Aligned Data Centers acquisition.
MGX is an Abu Dhabi-based AI and advanced technology investment company founded in March 2024 as a joint venture between sovereign wealth fund Mubadala and AI firm G42. Chaired by Sheikh Tahnoun bin Zayed Al Nahyan and led by CEO Ahmed Yahia Al Idrissi, MGX is targeting over $100 billion in assets under management and has rapidly become one of the world's most consequential AI investors, co-leading or participating in the largest rounds for OpenAI, Anthropic, xAI, and Databricks, alongside infrastructure mega-deals including the Stargate Project, AI Infrastructure Partnership (with BlackRock and Microsoft), and the $40 billion Aligned Data Centers acquisition.
Investment Thesis
MGX invests to accelerate the development and adoption of AI and advanced technologies through world-leading partnerships, focusing on three main areas: AI infrastructure (data centers and connectivity), semiconductors (logic and memory chip design and manufacturing), and AI core technologies and applications (AI models, software, data, life sciences, and robotics). They deploy capital alongside leading international technology and investment companies to position the UAE as a global AI hub while generating strong risk-adjusted returns.
Manager's Experience
MGX leadership brings sovereign investment experience with a focus on large-scale strategic capital deployment across technology and infrastructure.
Team
Sheikh Tahnoun bin Zayed Al Nahyan - Chairman
Khaldoon Al Mubarak - Vice Chairman
Ahmed Yahia Al Idrissi - CEO
Jassem Mohamed Bu Ataba Al Zaabi - Board Member
Peng Xiao - Board Member
Portfolio
OpenAI
Anthropic
xAI
Databricks
Binance
Mistral
Aligned Data Centers (via $40B AIP deal)
TikTok USDS JV (with Oracle/Silver Lake)
Stargate Project