Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, recently chaired the final board meeting of the company for the year 2025. During this meeting, Sheikh Tahnoun praised the progress MGX has made in executing its plans to establish a global artificial intelligence (AI) ecosystem, spanning the UAE, the United States, and Europe. This initiative aligns with the company’s strategy to accelerate the development and adoption of AI solutions, aiming for a more prosperous and sustainable future for all.
Financial Performance and Strategic Goals
The board reviewed MGX’s financial and operational performance for 2025, approved the budget for 2026, and highlighted the company’s advancements in attracting global funding. The discussions included the company’s strategic investments in various areas of the AI ecosystem, particularly in enhancing partnerships with leading global firms such as OpenAI, XAIA, and Databricks. Such collaborations are essential for enhancing capabilities in the rapidly evolving AI landscape.
AI Infrastructure and Expansion Initiatives
During the meeting, the board delved into the activities surrounding the AI infrastructure portfolio of MGX. In the UAE, the company is instrumental in developing the Emirates Stargate project through its investment in Khazna. In Europe, MGX is on track to commence construction in 2026 for the largest AI complex on the continent, situated near Paris, with a capacity of up to 1.4 gigawatts. Meanwhile, in the United States, the company continues to expand its next-generation digital infrastructure with additional investments in Vantage Data Centers, aimed at enhancing the Stargate initiative to develop a capacity of 2.3 gigawatts in Texas and Wisconsin.
Major Investment Deal and Growth Strategy
A significant topic of discussion was the recent acquisition of Aligned Data Centers, in partnership with the AI Infrastructure Partnership and Global Infrastructure Partners, a subsidiary of BlackRock. This deal is one of the largest private investments in digital infrastructure globally, valued at approximately $40 billion. The board also reviewed the growth strategy for Aligned Data Centers, focusing on future gigawatt expansions in the U.S. market.
AI-Driven Decision-Making Tools
Throughout the year, MGX enhanced its organizational capabilities centered around AI by launching “Ain,” an AI-backed system designed to support the board and investment committees. Alongside this, the company introduced a suite of advanced tools, including a smart talent detector and an AI-driven business interview system. These innovations play a crucial role in supporting decision-making processes, improving evaluation efficiency, and offering real-time analytics that bolster the company’s strategic and investment operations.
In reflection, Ahmed Yahya Al Idrisi, CEO and Managing Director of MGX, stated, “2025 has been a pivotal year for the company. We have transitioned from vision to execution, deploying capital on a large scale to accelerate the development of the AI infrastructure and cement global partnerships with industry leaders and tech giants.” The meeting was attended by prominent individuals, including Khaldoon Khalifa Al Mubarak, Jassim Mohamed Buaetbah Al Zaabi, Bing Xiao, Martin Edelman, and Ahmed Yahya Al Idrisi.