Abu Dhabi's MGX raises $49 billion for one of the world's largest AI infrastructure funds, exceeding its $45 billion target with backing from global institutional investors.

Abu Dhabi's MGX raises $49 billion for one of the world's largest AI infrastructure funds, exceeding its $45 billion target with backing from global institutional investors.

Signals historic shift of Middle East capital into AI compute infrastructure, creating a third major source of funding alongside US hyperscalers and Chinese state investment.