UAE
UAE commits to $1.4 trillion investment framework in the US
The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the U.S. This initiative aims to significantly increase the UAE’s existing investments in key sectors of the U.S. economy, including AI infrastructure, semiconductors, and manufacturing. As part of the framework, ADQ (the UAE’s investment fund), in partnership with U.S.-based Energy Capital Partners, has launched a $25bn initiative focused on energy infrastructure and data centres. This announcement aligns with a strategic agreement between Abu Dhabi’s Department of Government Enablement (DGE), Microsoft, and Core42 to implement a sovereign cloud system in the Emirate…Read more
Nvidia and xAI join AIP to expand data centre investment
The AI Infrastructure Partnership (AIP), an investment initiative originally formed by BlackRock, GIP, Microsoft, and the UAE’s MGX, has announced that Nvidia and Elon Musk’s AI startup, xAI, will join the initiative – aimed at enhancing investment in AI data centres and infrastructure. Since its inception in 2024, AIP has attracted significant investment. The partnership will secure an initial $30bn in capital, with total investment reaching up to $100bn when factoring in debt financing…Read more
ADQ and ECP take a bet on data centres in the US, with a $25bn investment
Abu Dhabi’s sovereign wealth fund, ADQ, has entered into a partnership with Energy Capital Partners, a U.S.-based private equity firm, to develop power generation and energy infrastructure, primarily in the U.S. The planned $25 billion investment will be a 50-50 joint venture, aimed at addressing the growing energy demands driven by data centers, large cloud providers, and hyperscalers—catalysed by advancements in technology and AI. This investment will be spread across 25 GW of projects, mainly gas-fired power plants in the U.S. ADQ Managing Director and Group CEO, Mohamed Hassan Alsuwaidi, commented, “Meeting these power needs presents evolving challenges for governments worldwide in ensuring a secure, stable, and commercially competitive electricity supply.” With U.S. electricity demand forecast to increase by the equivalent of California’s total consumption in just three years, this partnership comes at a critical time…Read more
Abu Dhabi’s Mubadala considers selling stake in du
Abu Dhabi’s sovereign wealth fund, Mubadala, may sell its stake in du, the UAE’s second-largest telecom operator by subscribers. Mubadala currently owns 10% of du, and this could be an optimal time for them to sell, as du’s shares have risen 8.3% this year, outperforming Dubai’s index, which has dropped 0.6% over the same period. Du, which launched its services in 2007, ended the UAE monopoly of e& and now provides mobile services exclusively within the UAE…Read more