Kuwait SWF Joins MGX-Backed AI Infrastructure Partnership

Kuwait Investment Authority (KIA) has joined a consortium of companies including MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Microsoft to the AI Infrastructure Partnership (AIP), further reinforcing AIP’s global reach and strategic impact as it accelerates investment in next-generation AI infrastructure.

The participation of KIA underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence.

KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is well positioned to support AIP’s growth and help execute its global strategy, the Abu Dhabi Media office said in an official release.

Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilise $30 billion in equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing.

Over the past year, it has become one of the world’s leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centres.

KIA Managing Director Sheikh Saoud Salem Abdulaziz Al-Sabah said that the KIA’s participation in AIP reflects their long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress.

“We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale,” he added.

AIP’s Long-Term Vision

MGX Managing Director and CEO Ahmed Yahia Al Idrissi said that they were delighted to welcome KIA as a strategic capital partner, marking a significant milestone that further reinforces the strength and long-term vision of the AI Infrastructure Partnership.

As the demand for AI infrastructure continues to rise, we must scale our investments and accelerate the pace of execution, working with our global partners, he said.

Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, a part of BlackRock, said that they have a longstanding and deep relationship with KIA, and they were looking forward to working with them and other partners to position AIP at the forefront of helping to further their joint ambition to enhance AI innovation and economic growth.