Abu Dhabi’s AI Investment Initiative

Abu Dhabi’s Artificial Intelligence and Advanced Technology Council Foundation, spearheaded by Sheikh Mohammed bin Zayed Al Nahyan, has introduced MGX, a new technology investment firm. In collaboration with Mubadala Investment Partnership and G42, MGX is dedicated to driving the global development and adoption of advanced industrial sciences.

The strategic focus of MGX encompasses intelligent communication infrastructure, semiconductor technology, and foundational AI technologies. Leveraging Abu Dhabi’s global standing, MGX aims to attract investments and talent to bolster the UAE’s position as a hub for technological innovation.

Mubadala and G42, with their expertise in AI, cloud computing, and semiconductor technology, play key roles in this initiative. Their collaborative efforts have already yielded significant advancements in telecommunications, healthcare technology, and geospatial technology.

Heading MGX’s board is Sheikh Tahnoun bin Zayed Al Maktoum, with Ahmed Yahya Al Idrissi appointed as CEO. With over three decades of experience in global telecommunications, Al Idrissi is well-positioned to lead MGX toward its ambitious goals of advancing AI and shaping the future of technology.