The Kuwait Investment Authority joins "Partnership in the infrastructure of artificial intelligence"
New York, June 3 / WAM / MGX, Black Rock, Global Infracement Partners, affiliated to Black Rock and Microsoft, announced that the Kuwait Investment Authority for partnership in the artificial intelligence infrastructure will join, in a move that will contribute to enhancing the global partnership and its strategic impact, and rushing Prospects for investing in the next generation of artificial intelligence infrastructure.
The joining of the Kuwait Investment Authority comes as an affirmation of the importance of the existing partnership between the leading regional and global institutions, and its active role in developing the infrastructure and innovation necessary to support the future of artificial intelligence.
The Kuwaiti General Investment Authority is the first major financial investor who is not founded to join the “Partnership in the Infrastructure Infrastructure” initiative, and thanks to its established investment experience that extends for decades, the Kuwaiti General Investment Authority has a distinguished position to support the growth of this partnership and help in implementing its global strategy.
The “Partnership in the Artificial Intelligence Infrastructure” was established in September 2024, by Black Rock, “Global Infracestroach Partners”, “MGX” and “Microsoft”, with the aim of employing $ 30 billion in investment capital from investors, assets and companies, with access to $ 100 billion of investments when calculating debt financing.
During the past year, the partnership became one of the world’s leading infrastructure platforms, with technology partners “Inviteia”, “XAI” and “Cisco”, in addition to concluding agreements with “GE Vernova” and Nicks Era Energy, to help accelerate the expansion of energy solutions to artificial intelligence data centers.
Sheikh Saud Salem Abdulaziz Al -Sabah, Managing Director of the General Authority for Kuwait Investment said: The joining of the Kuwait Investment Authority for the partnership initiative in the infrastructure of artificial intelligence reflects our long -term commitment to investing in a distinct global infrastructure, which stimulates the innovation and economic progress process, stressing that the infrastructure of artificial intelligence is a key driver for future growth.
Ahmed Yahya Al -Idrisi, Managing Director and CEO of MGX, said that the joining of the Kuwaiti General Investment Authority as a strategic partner represents an important achievement that enhances the strength of the partnership in the infrastructure of artificial intelligence and its long -term vision, and with the continued demand for the infrastructure of artificial intelligence, we must expand the scope of our investments and accelerate the pace of implementation in cooperation with Our international partners.
Bayu Oujunlisi, Chairman and CEO of Global Infracement Partners, affiliated to Black Rock, welcomed the joining of the Kuwait Investment Authority for the partnership initiative in the artificial infrastructure of artificial intelligence, and said: We have a strong and long -term cooperation relationship with the authority, and we look forward to working with them and with our other partners to enhance the status of this initiative, to be at the forefront Efforts to support our common ambition to develop artificial intelligence innovations and economic growth.
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