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MGX's $49 Billion AI Fund Turns Abu Dhabi Into a Whole-Stack AI Backer

The two-year-old state-backed investor beat its $45 billion target, but it has not named the limited partners behind Fund I.

By Ryan Merket · Published Jul 1st, 2026, 4:56am CT

Illustration of a monumental AI brain-shaped chip rising above a futuristic Abu Dhabi cityscape to symbolize MGX's $49 billion Fund I.

The two-year-old state-backed investor beat its $45 billion target, but it has not named the limited partners behind Fund I.

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