Brookfield Asset Management and Qai, Qatar?s AI company and a subsidiary of Qatar Investment Authority (QIA) announced a strategic partnership to establish a $20 billion joint venture focused on artificial intelligence (?AI?) infrastructure in Qatar and select international markets. Under the partnership, Brookfield and Qai will contribute capital and operating expertise to invest in AI infrastructure in Qatar, including the development of fully integrated AI facilities, to support the country?s rapidly expanding digital and AI ecosystem. The partnership will benefit from strategic support from the Government of Qatar to invest in the skills and supply chain needed to support the backbone of AI infrastructure and the adoption of AI throughout Qatar.
The $20 billion joint venture is expected to play a central role in supporting Qatar?s ambition to become a leading hub for AI services and infrastructure in the Middle East. An Integrated Compute center will expand regional access to high-performance compute and enable the deployment of trusted AI technologies across key sectors. Beyond Qatar, Brookfield and Qai will explore opportunities to co-develop and construct AI infrastructure in select international markets.
Brookfield and its partners plan to invest in this venture through the recently launched Brookfield Artificial Intelligence Infrastructure Fund (?BAIIF?). The strategic partnership with Qai will form a cornerstone of Brookfield?s global AI infrastructure program, which aims to mobilize up to $100 billion of total investment globally.
