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Abu Dhabi's MGX closes $49 billion AI fund, surpassing initial $45B target with backing from global institutional investors.

Sovereign wealth mega-fund tilts toward AI infrastructure, signaling Middle East's bid to compete on capacity and control data flows.
Trade pressSlicast · July 1, 2026 at 11:05 UTC · Middle East · Source: NewsBytes
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Abu Dhabi's MGX closes $49 billion AI fund,… · Slicast