MGX Raises $50 Billion for AI Investments
Abu Dhabi investment firm MGX has raised approximately $50 billion from investors to significantly advance its strategic initiatives in artificial intelligence. This substantial capital signals robust funding availability for AI projects and startups in the region.
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DXB Start·June 25, 2026·1 min read·5 hours ago
MGX, an Abu Dhabi-based investment firm, has secured an estimated $50 billion from investors to bolster its strategic investments in artificial intelligence. This capital will be deployed to support a wide range of AI-focused ventures and technologies.
The substantial funding underscores the UAE's aggressive push into the global AI landscape. This development is expected to significantly impact the local AI startup ecosystem by increasing access to capital and resources.
Last updated June 25, 2026