NEW YORK — The Kuwait Investment Authority (KIA) has joined the AI Infrastructure Partnership (AIP), a strategic collaboration led by MGX, BlackRock, Global Infrastructure Partners (GIP), and Microsoft. KIA becomes the first non-founder financial anchor investor in the initiative, further expanding AIP’s global footprint as it accelerates investments in next-generation AI infrastructure.
Founded in September 2024, AIP aims to mobilize $30 billion in equity capital from investors, asset owners, and corporations, with total funding potentially reaching $100 billion including debt. The partnership has quickly become a leading global AI infrastructure platform by partnering with tech giants NVIDIA, xAI, Cisco, and securing agreements with GE Vernova and NextEra Energy to scale sustainable energy solutions for AI data centers.
Sheikh Saoud Salem Abdulaziz Al-Sabah, KIA Managing Director, said, “Our participation reflects a commitment to transformative infrastructure investments that drive innovation and economic progress. AI infrastructure is a key driver of future growth, and we are proud to collaborate with global leaders to accelerate its development.”
MGX CEO Ahmed Yahia Al Idrissi welcomed KIA as a strategic capital partner, emphasizing the need to scale investments and execution to meet growing AI infrastructure demand.
Bayo Ogunlesi, Chairman and CEO of GIP, highlighted the longstanding relationship with KIA and the shared ambition to lead AI innovation and economic growth.
