Kuwait City: MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Microsoft today announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP), further reinforcing AIP's global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. KIA's participation underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence.
According to Emirates News Agency, 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. Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilise US$30 billion of equity capital from investors, asset owners, and corporations, with the potential to reach up to US$100 billion when including debt financing.
Over the past year, the partnership 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 centers.
Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA, stated that KIA's participation in AIP reflects a long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. He emphasized the importance of AI infrastructure as a driver of future growth and expressed pride in collaborating with leading global partners to accelerate its development at scale.
Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, expressed delight in welcoming KIA as a strategic capital partner, marking a significant milestone that reinforces the strength and long-term vision of the AIP Partnership. He highlighted the rising demand for AI infrastructure and the need to scale investments and accelerate execution in collaboration with global partners.
Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, a part of BlackRock, expressed pleasure in welcoming KIA as a partner in AIP. He noted the longstanding and deep relationship with KIA and looked forward to working together to position AIP at the forefront of enhancing AI innovation and economic growth.