JEDDAH: Qatar has partnered with Canada’s Brookfield to establish a $20 billion joint venture aimed at building advanced artificial intelligence infrastructure and positioning the Gulf state as a regional hub for next-generation computing.
The venture, involving Qai — a subsidiary of Qatar Investment Authority — will invest in domestic and select international markets, the companies said in a statement.
Under the partnership, the companies will provide capital and operational expertise to develop AI infrastructure in Qatar, including fully integrated AI facilities, supporting the country’s rapidly growing digital and AI ecosystem.
Qatar has been steadily developing its AI ecosystem as part of its broader digital transformation and economic diversification strategy under the Qatar National Vision 2030.
In February 2024, the country launched its Digital Agenda 2030 to position itself as a regional hub for AI and advanced digital technologies, creating an enabling environment for large-scale projects, research, and strategic investment.
