Three of MENA’s biggest sovereign wealth funds have gained momentum in AI investments over the last year. Here’s a closer look. AUM is according to SWFI as of February 2025. Public Investment Fund (PIF) AUM: $925 billion PIF partnered with Google Cloud in October 2024 to create a global AI hub in Saudi Arabia, projected to boost GDP by $71 billion over eight years and strengthen the ICT sector by 50%. PIF and U.S.-based VC Andreessen Horowitz are reportedly in talks for a potential $40 billion AI investment fund. The Saudi Company for Artificial Intelligence, a PIF subsidiary, made over 11 agreements, partnerships, and MoUs in 2024 to accelerate AI solutions. In February 2024, it launched SportNative, an AI sports product, and co-launched an AI media and advertising company with SMC ten months later. Sanabil Investments, PIF’s tech arm, backed the U.A.E.’s Orbii AI for credit decisions and Smart Bricks for real estate in November 2024, as a part of Sanabil Accelerator by 500 Global. Following Sanabil’s participation in an over $500 million Series I funding round in 2023, Databricks launched in the kingdom in late 2024. Sanabil invested in France’s Mistral AI as part of its $640 million in Series B funding in mid-2024. In February 2025, Alat, a PIF company, and Lenovo finalized an agreement to establish an advanced AI and robotics manufacturing and technology center backed by $2 billion in investment. Qatar Investment Authority (QIA) AUM: $526.1 billion QIA made several AI investments over the last year. QIA co-led U.S.- based Cresta’s $125 million Series D funding round in November 2024, alongside World Innovation Lab. It announced its participation in Databricks’ Series J round in January 2025, which valued the data and AI company at $62 billion. In the same month, QIA led Instabase’s $100 million Series D round, supporting the company’s development of AI solutions for unstructured data. QIA and Bpifrance agreed in May 2024 to increase their investment partnership by up to $324 million. On the local front, QIA combined Qatar National Broadband Network and Gulf Bridge International to create an AI infrastructure provider in October 2024. In February 2025, QIA invested in Qatar-based Rasmal Ventures through its $1 billion Fund of Funds program. Rasmal Ventures is focused on investing in high-growth tech startups with a particular emphasis on AI. Mubadala AUM: $302.4 billion In March 2024, Abu Dhabi’s Artificial Intelligence and Advanced Technology Council launched a comprehensive global investment strategy on AI and formed MGX, a technology investment company, with Mubadala and G42 as founding partners. G42 received a boost in April 2024 when Microsoft announced a $1.5 billion strategic investment. G42 subsidiary Presight took a 51% stake in AIQ, an AI energy solutions company, valuing AIQ at over $1.4 billion in May 2024. In August 2024, Mubadala and Apollo invested an undisclosed value in London-based hyperscale data center developer Yondr Group. In September, MGX, BlackRock, Microsoft, and Global Infrastructure Partners launched the Global AI Infrastructure Investment Partnership, aiming to raise $30 billion in private equity and unlock $100 billion for AI-supporting data center and energy infrastructure. In October 2024, Core42, a G42 company, became the U.A.E.’s first provider of scalable AI using NVIDIA H100 GPUs. This follows a September partnership with NVIDIA to improve weather forecasting via AI, leveraging the latter’s Earth-2 platform and the newly established Climate Tech Lab in Abu Dhabi.