The Kuwait Investment Authority (KIA) has joined forces with MGX, BlackRock and Global Infrastructure Partners (GIP) to accelerate investment in next-generation AI infrastructure.
Established in September 2024, the AI Infrastructure Partnership (AIP) aims to help mobilise $30 billion in equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing.
Over the past year, it has become one of the world’s leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centres.
With decades of deep investment experience, KIA is "well positioned to support AIP’s growth and help execute its global strategy" and is the first non-founder financial anchor investor to join AIP.
“We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale," added Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA.
The partnership announcement coincided with the official visit of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister, and Chairman of the Presidential Court, to Kuwait.
It is one of many agreements signed between Emirati and Kuwaiti entities in sectors ranging from technology, diplomacy, justice, defence, education and social affairs.
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