Lunate Eyes $1 Billion Stake in Abu Dhabi’s AI Investment Platform MGX

Editorial Team

Last updated 24-11-2025

3 min

Lunate may invest a billion dollars in Abu Dhabi's AI platform, MGX.

MGX, backed by G42 and Mubadala, seeks global investors for new AI fund.

The platform collaborates with giants like BlackRock and Microsoft on infrastructure projects.

Lunate has rapidly expanded, managing over 13,5 billion dollars for global investors.

This potential deal highlights UAE’s ambitions to be central in global AI infrastructure.

It seems Lunate, the Abu Dhabi–based asset manager, is weighing a hefty commitment to MGX, the artificial intelligence investment platform backed by the emirate. Reports suggest the firm may put as much as one billion dollars on the table, which—if it goes through—would be another clear sign of how seriously Abu Dhabi is pushing to cement its role as a global AI hub. When I first started covering the region’s startup scene for readers around Arageek, these kinds of figures felt almost out of reach; now they’re becoming part of the weekly rhythm.

The talks come at a moment when MGX, a joint venture between G42 and Mubadala, is racing to pull in billions through a new fund structure designed to attract foreign investors. The platform has already been busy writing sizeable cheques into major AI players around the world, from OpenAI to xAI. And believe it or not, its partnerships stretch even further, including collaborations with BlackRock and Microsoft on a massive 30‑billion‑dollar blueprint to build out data‑centre and energy infrastructure. That’s no small feat—setting up that kind of backbone is, as any founder in the region will tell you, a bit of a faff.

MGX sits at the heart of Abu Dhabi’s broader AI ambitions under the supervision of Sheikh Tahnoun bin Zayed Al Nahyan. On the flip side, Lunate has been building its own momentum at speed. The firm has deployed more than 13.5 billion dollars within just two years of its launch, managing capital for heavyweight global investors while acting as both general and limited partner across a varied spread of funds. Its shareholder list includes ADQ and Chimera Investment, two names that often pop up when you trace where the region’s investment muscle is coming from.

I reckon this potential deal says a lot about how the investment landscape is shifting. A few years back, many founders I met were still hesitant about AI unless it meant a chatbot or a fancy dashboard. Now the entire supply chain behind AI—from chips to data storage—is attracting strategic money. It’s easy to get chuffed to bits about the numbers, but the interesting detail here is how the UAE is trying to place itself not just as a buyer of AI tech, but as a core part of the global infrastructure powering it.

That said, nothing is signed yet, and as always, the devil is in the details… or the due diligence. But if the investment goes ahead, it could open another chapter in how capital from the region shapes the future of this fast‑moving sector. And for those of us watching MENA’s entrepreneurship ecosystem grow—sometimes messily, sometimes miraculosly—it’s yet another reminder of how quickly the ground is shifting.

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