Abu Dhabi-based technology investment company MGX has joined a major partnership with French and US firms to inject billions of euros into the expansion of Campus AI in France, positioning the UAE firm at the center of Europe’s growing AI infrastructure race.
Quick Facts
- Total investment value of €7.5 billion.
- Partnership with Nvidia, Mistral, and Bpifrance.
- Aims for 3 gigawatts of compute capacity.
A Strategic AI Play on the Global Stage
The high-profile agreement was announced at the Choose France Summit, an event attended by French President Emmanuel Macron and Khaldoon Al Mubarak, who serves as MGX vice chairman, Mubadala CEO, and secretary-general of the Artificial Intelligence and Advanced Technology Council.
“MGX chooses France,” Macron stated on social media following the signing.
The deal establishes Campus AI as a joint venture between France’s public investment bank Bpifrance, French AI leader Mistral, and US chip giant Nvidia.
Building Europe’s Decarbonized AI Hub
According to the announcement, the €7.5 billion ($8.7 billion) initiative is designed to make France the premier European destination for decarbonized AI infrastructure. The project’s primary goal is to develop up to 3 gigawatts (GW) of compute capacity within the country.
This expansion builds on the progress at the original Fouju campus in north-central France. The first site alone is set to host up to 1.4GW of computing capacity, with operations expected to begin in 2028.
MGX’s Growing Infrastructure Portfolio
This investment is the latest in a series of strategic moves by MGX to build a global AI infrastructure footprint.
In September 2024, the company became part of the $30 billion Global AI Infrastructure Investment Partnership, a fund dedicated to building data centers and related energy infrastructure. Previously, a consortium including MGX agreed to acquire US-based Aligned Data Centers for $40 billion in October.
About MGX
MGX is an Abu Dhabi-based technology investment company chaired by the UAE’s national-security adviser, Sheikh Tahnoon bin Zayed Al Nahyan. The firm focuses on strategic investments in artificial intelligence and advanced technologies to accelerate their development and adoption globally.
Source: AGBI
