– Brookfield and Qai, a subsidiary of Qatar Investment Authority (QIA), announced a strategic partnership to create a $20 billion joint venture focused on AI infrastructure in Qatar and selected international markets.
– Both companies will contribute capital and operating expertise to develop fully integrated AI facilities in Qatar, supporting the country’s growing digital and AI ecosystem.
– The partnership will receive strategic support from the Government of Qatar to invest in skills and supply chains critical for AI infrastructure and adoption throughout the country.
– The joint venture aims to position Qatar as a leading hub for AI services and infrastructure in the Middle East.
– An Integrated Compute center will provide regional access to high-performance computing and enable trusted AI deployment across key sectors.
– Brookfield and Qai will explore opportunities to co-develop AI infrastructure in select international markets beyond Qatar.
– Investment will be made through Brookfield’s recently launched Artificial Intelligence Infrastructure Fund (BAIIF), part of Brookfield’s global AI infrastructure program targeting up to $100 billion in total global investment.
– Mohammed Saif Al Sowaidi, CFA, CEO of QIA, emphasized the joint venture’s role in advancing Qatar’s National Vision 2030 and building a diversified, innovation-based economy.
– Abdulla AlMisnad, Chairman of Qai, highlighted the partnership’s potential to attract investment and talent, drive responsible AI adoption, and strengthen Qatar’s position as a trusted digital technology hub.
– Bruce Flatt, CEO of Brookfield, noted the venture combines Qatar’s strategic vision with Brookfield’s global expertise to build an integrated AI ecosystem, accelerating innovation and regional AI capabilities.
