Brookfield Asset Management (BAM) and Qai, the AI arm of Qatar Investment Authority (QIA), have announced a strategic partnership to establish a $20 billion joint venture aimed at expanding artificial intelligence (“AI”) infrastructure in Qatar and selective international markets, reinforcing Qatar’s vision to emerge as a leading AI hub in the Middle East while aligning with its National Vision 2030. Under the terms of the collaboration, “QIA has been at the forefront of driving advancement though our AI investments. This joint venture is testament to QIA’s commitment to delivering both local and global impact. Leveraging on the long-term partnership we have with Brookfield, this JV will advance Qatar’s National Vision 2030 and help build a diversified, innovation-based economy for future generations,” said Mohammed Saif Al-Sowaidi, CEO of QIA. Abdulla Al-Misnad, Chairman of Qai, emphasized the milestone nature of the partnership: “This partnership with Brookfield marks an important milestone in Qatar’s journey to build world-class AI infrastructure and capabilities. By leveraging Brookfield’s expertise in developing and managing critical infrastructure alongside Qai’s mission to deliver trusted AI solutions, we are creating a robust platform to drive responsible AI adoption. This collaboration will not only attract investment and top-tier talent, but also strengthen Qatar’s position as a trusted hub for advanced digital technologies in the region and beyond.” Bruce Flatt, CEO of Brookfield, added his perspective: “We are thrilled to assist Qatar in establishing this investment in next generation AI and digital infrastructure alongside Qai.
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As our inaugural AI infrastructure investment in the Middle East, this partnership combines Qatar’s strategic vision with Brookfield’s global expertise in developing and operating large-scale, mission-critical infrastructure with global partners. Together, we look forward to building an integrated AI ecosystem that will accelerate innovation, deepen regional capability, and support the responsible deployment of advanced AI technologies across the Middle East.” The joint venture will also benefit from Qatar government support to nurture the necessary skills and supply chains, and plans include building an Integrated Compute centre to expand regional access to high-performance computing. Beyond Qatar, the partners intend to jointly explore AI infrastructure opportunities in select global markets, with Brookfield channeling investments through its recently launched Brookfield Artificial Intelligence Infrastructure Fund, part of a broader $100 billion global AI infrastructure strategy.