Company Insights G42 Artificial Intelligence Latest G42 DevelopmentsAI Insights G42 will lead the construction of the largest artificial intelligence campus outside the US in Abu Dhabi. Multiple US firms will partner on this project, which will initially have a 1GW capacity 4. In a deal with Microsoft, G42 has divested stakes in Chinese tech companies as part of negotiations following the Biden administration's restrictions on the export of US semiconductors to the Middle East. This move may lead to increased Emirati access to Nvidia chips likely to aid data centre expansion 5. MGX and US private equity company Silver Lake have acquired a minority stake in Khazna Data Centers. Following this, the UAE telecommunications company e& has divested its 40 percent stake in Khazna in favour of G42 3. Khazna has embarked on building new data centres in response to the UAE's capacity shortage in digital and AI sectors. Originally owned by Mubadala, Khazna was transferred to G42 and e& 2. The US has a preliminary agreement with the United Arab Emirates to allow the import of 500,000 of Nvidia's advanced AI chips per year starting in 2025. Twenty percent of these chips could go to G42, while the rest might be shared among US companies such as Microsoft and Oracle 1. G42 Overview Group 42 Holding, known as G42, is focused on artificial intelligence (AI) development across various industries including government, healthcare, finance, oil and gas, aviation and hospitality. Its brands include healthtech company M42, the Presight analytics platform, Khazna data centres and Core42, which runs cybersecurity, infrastructure and digital professional services. In 2020 state-owned Mubadala Investment Company took a stake in the company, and then in 2021 US private equity firm Silver Lake invested $800 million for a minority stake. Since then G42 has been involved in numerous partner projects with some of the world’s leading tech brands. In October 2023 it announced a partnership with OpenAI, the AI research and deployment company responsible for ChatGPT, to develop AI in the UAE and regional markets. In February 2024 G42’s $10 billion technology investment arm 42XFund (set up in 2022 with ADQ‘s Abu Dhabi Growth Fund) announced that it would sell all of its stakes in Chinese companies. This included TikTok owner ByteDance, in which it had invested an estimated $100 million. Two months later G42 revealed that US tech giant Microsoft would invest $1.5 billion to help accelerate its global expansion strategy. As part of the deal G42 will run its AI applications and services on Azure, Microsoft’s cloud computing platform. Also in April 2024 G42’s subsidiary Bayanat set up Space42, the world’s most valuable publicly listed space company, in a partnership with Yahsat (Al Yah Satellite Communications Company). G42 News Analysis Telecoms Analysts opt for small Gulf telcos despite profits at majors The Gulf’s major former telecom monopolies reported steady first-quarter profit growth and have proved a safe haven for equity investors during market volatility this year. However, it is their smaller domestic rivals that analysts prefer. Saudi Telecom Co (STC), the UAE’s e& (formerly and more commonly known as Etisalat), Qatar’s Ooredoo and Kuwait’s Zain are […] June 13, 2025 Renewable Energy Masdar-backed Emerge in talks for $300m renewables push Emerge, a clean energy joint venture between the UAE’s Masdar and France’s EDF Group, is in talks with regional and international lenders to secure financing for a $300 million expansion of its solar and storage portfolio, with a focus on the Gulf. “These are capital-heavy projects,” general manager Michel Abi Saab said on Wednesday in […] May 29, 2025 Oil & Gas UAE warns Opec over AI-driven power demand The UAE is preparing for a sharp spike in domestic energy consumption as a wave of data centre construction drives up demand for power. Energy minister Suhail Mohamed Al Mazrouei has warned Opec and its oil-producing allies of potential pressure on future global supplies. His warning is at odds with other industry bodies, such as […] May 27, 2025 Tech Stargate UAE data centre to come online in 2026 The first phase of a massive new data centre agreed during Donald Trump’s visit to the UAE will come online in 2026. Stargate UAE is planned to be a 1 gigawatt data centre cluster capable of training AI models. The project is a collaboration between UAE-backed G42, ChatGPT creators OpenAI, Oracle, Nvidia, Softbank Group and […] May 23, 2025 Opinion Artificial Intelligence The UAE has a mighty backer in AI, but the US gets something too The two countries have laid the foundations for a long-term AI partnership that will benefit them both May 20, 2025 Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025 Artificial Intelligence Italy and UAE announce deal on AI centre Italy and the United Arab Emirates have agreed to develop an artificial intelligence centre in Italy, industry minister Adolfo Urso said on Friday. Abu Dhabi-based AI group G42 has entered into a partnership with Italian company iGenius to build “the largest AI computing infrastructure in Europe”, Urso’s ministry said in a statement. G42 will be […] May 16, 2025 Artificial Intelligence UAE and US to build largest AI campus outside America The US and UAE will develop a 10 square mile artificial intelligence campus in Abu Dhabi, according to a White House statement on Thursday. It will be the largest such facility outside of America. The announcement came as US President Donald Trump met UAE President Sheikh Mohamed bin Zayed Al Nahyan at the Qasr Al […] May 16, 2025 Artificial Intelligence US ‘to let UAE import millions of Nvidia’s AI chips’ The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year starting in 2025, sources said. The move will boost the Emirates’ construction of data centres that are vital to developing artificial intelligence models. The sources said the agreement was at least […] May 15, 2025 Analysis Trade Big money, big deals – but Gulf needs FDI clarity from Trump US President Donald Trump arrives in the Saudi capital Riyadh tomorrow on the first leg of his three-country Gulf visit that will also take in Qatar and the UAE. His overwhelming objective is money and big deals: to sell American goods and secure their investment to the US economy. With that in mind, the US […] May 12, 2025 Posts navigation 1 2 … 12 Next
Analysis Telecoms Analysts opt for small Gulf telcos despite profits at majors The Gulf’s major former telecom monopolies reported steady first-quarter profit growth and have proved a safe haven for equity investors during market volatility this year. However, it is their smaller domestic rivals that analysts prefer. Saudi Telecom Co (STC), the UAE’s e& (formerly and more commonly known as Etisalat), Qatar’s Ooredoo and Kuwait’s Zain are […] June 13, 2025
Renewable Energy Masdar-backed Emerge in talks for $300m renewables push Emerge, a clean energy joint venture between the UAE’s Masdar and France’s EDF Group, is in talks with regional and international lenders to secure financing for a $300 million expansion of its solar and storage portfolio, with a focus on the Gulf. “These are capital-heavy projects,” general manager Michel Abi Saab said on Wednesday in […] May 29, 2025
Oil & Gas UAE warns Opec over AI-driven power demand The UAE is preparing for a sharp spike in domestic energy consumption as a wave of data centre construction drives up demand for power. Energy minister Suhail Mohamed Al Mazrouei has warned Opec and its oil-producing allies of potential pressure on future global supplies. His warning is at odds with other industry bodies, such as […] May 27, 2025
Tech Stargate UAE data centre to come online in 2026 The first phase of a massive new data centre agreed during Donald Trump’s visit to the UAE will come online in 2026. Stargate UAE is planned to be a 1 gigawatt data centre cluster capable of training AI models. The project is a collaboration between UAE-backed G42, ChatGPT creators OpenAI, Oracle, Nvidia, Softbank Group and […] May 23, 2025
Opinion Artificial Intelligence The UAE has a mighty backer in AI, but the US gets something too The two countries have laid the foundations for a long-term AI partnership that will benefit them both May 20, 2025
Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025
Artificial Intelligence Italy and UAE announce deal on AI centre Italy and the United Arab Emirates have agreed to develop an artificial intelligence centre in Italy, industry minister Adolfo Urso said on Friday. Abu Dhabi-based AI group G42 has entered into a partnership with Italian company iGenius to build “the largest AI computing infrastructure in Europe”, Urso’s ministry said in a statement. G42 will be […] May 16, 2025
Artificial Intelligence UAE and US to build largest AI campus outside America The US and UAE will develop a 10 square mile artificial intelligence campus in Abu Dhabi, according to a White House statement on Thursday. It will be the largest such facility outside of America. The announcement came as US President Donald Trump met UAE President Sheikh Mohamed bin Zayed Al Nahyan at the Qasr Al […] May 16, 2025
Artificial Intelligence US ‘to let UAE import millions of Nvidia’s AI chips’ The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year starting in 2025, sources said. The move will boost the Emirates’ construction of data centres that are vital to developing artificial intelligence models. The sources said the agreement was at least […] May 15, 2025
Analysis Trade Big money, big deals – but Gulf needs FDI clarity from Trump US President Donald Trump arrives in the Saudi capital Riyadh tomorrow on the first leg of his three-country Gulf visit that will also take in Qatar and the UAE. His overwhelming objective is money and big deals: to sell American goods and secure their investment to the US economy. With that in mind, the US […] May 12, 2025
