Kuwait Investment Authority Joins MGX, BlackRock, Global Infrastructure Partners (GIP), and Microsoft to Accelerate Global AI Infrastructure Development
PE FORUM > Blog > Fundraising News > Kuwait Investment Authority Joins MGX, BlackRock, Global Infrastructure Partners (GIP), and Microsoft to Accelerate Global AI Infrastructure Development
– MGX, BlackRock, Global Infrastructure Partners (GIP, part of BlackRock), and Microsoft announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP).
– KIA’s addition strengthens AIP’s global reach and strategic impact, accelerating investment in next-generation AI infrastructure.
– KIA is the first non-founder financial anchor investor to join AIP.
– With decades of investment experience, KIA is well positioned to support AIP’s growth and help execute its global strategy.
– AIP was established in September 2024 by BlackRock, GIP, MGX, and Microsoft to mobilize $30 billion of equity capital, potentially reaching $100 billion including debt financing.
– Over the past year, AIP became a leading AI infrastructure platform by adding technology partners NVIDIA, xAI, and Cisco.
– AIP also formed agreements with GE Vernova and NextEra Energy, Inc. to accelerate scaling energy solutions for AI data centers.
– Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA, highlighted KIA’s commitment to investing in transformative global infrastructure and collaborating to advance AI infrastructure development.
– Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, welcomed KIA as a strategic capital partner, emphasizing the need to scale investments and accelerate execution to meet rising AI infrastructure demand.
– Bayo Ogunlesi, Chairman and CEO of GIP, expressed pleasure in partnering with KIA and other partners to position AIP at the forefront of AI innovation and economic growth.
– MGX, BlackRock, Global Infrastructure Partners (GIP, part of BlackRock), and Microsoft announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP).
– KIA’s addition strengthens AIP’s global reach and strategic impact, accelerating investment in next-generation AI infrastructure.
– KIA is the first non-founder financial anchor investor to join AIP.
– With decades of investment experience, KIA is well positioned to support AIP’s growth and help execute its global strategy.
– AIP was established in September 2024 by BlackRock, GIP, MGX, and Microsoft to mobilize $30 billion of equity capital, potentially reaching $100 billion including debt financing.
– Over the past year, AIP became a leading AI infrastructure platform by adding technology partners NVIDIA, xAI, and Cisco.
– AIP also formed agreements with GE Vernova and NextEra Energy, Inc. to accelerate scaling energy solutions for AI data centers.
– Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA, highlighted KIA’s commitment to investing in transformative global infrastructure and collaborating to advance AI infrastructure development.
– Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, welcomed KIA as a strategic capital partner, emphasizing the need to scale investments and accelerate execution to meet rising AI infrastructure demand.
– Bayo Ogunlesi, Chairman and CEO of GIP, expressed pleasure in partnering with KIA and other partners to position AIP at the forefront of AI innovation and economic growth.