Brookfield Corporation and Qai, a subsidiary of the Qatar Investment Authority, announced a $20 billion joint venture to develop AI‑driven data centers in Qatar and selected international markets. The partnership combines Brookfield’s expertise in operating large‑scale infrastructure with Qai’s focus on AI solutions, creating a fully integrated platform that will supply power, cooling, and compute for next‑generation AI workloads.
The venture is a cornerstone of Brookfield’s global AI infrastructure program, which aims to mobilize up to $100 billion of investment worldwide. By partnering with Qai, Brookfield gains access to Qatar’s government support and a strategic launchpad for expanding into the Middle East, a region that is rapidly increasing demand for AI‑driven data centers and digital services. The deal also aligns with Qatar’s National Vision 2030, which seeks to diversify the economy through advanced technology and attract global talent.
Brookfield’s deployable capital stands at $178 billion, and the $20 billion JV represents a significant allocation of that pool. The project will be funded through Brookfield’s AI Infrastructure Fund (BAIIF), which has already secured commitments from partners such as NVIDIA and the Kuwait Investment Authority. The joint venture will build state‑of‑the‑art facilities that combine high‑density power, advanced cooling, and secure networking to support AI workloads for both public and private sector customers.
Management emphasized the strategic importance of the partnership. Bruce Flatt, Brookfield’s CEO, said the deal “marks our inaugural AI infrastructure investment in the Middle East and positions us as a key provider of power and compute for AI workloads in the region.” Mohammed Saif Al‑Sowaidi, CEO of the Qatar Investment Authority, noted that the JV “will advance Qatar’s National Vision 2030 and help build a diversified, innovation‑based economy.” Abdulla Al‑Misnad, chairman of Qai, added that the collaboration “will attract investment and top‑tier talent, strengthening Qatar’s position as a trusted hub for advanced digital technologies.”
The joint venture is expected to create a robust AI ecosystem that attracts talent, drives innovation, and positions Brookfield as a long‑term owner of AI infrastructure as an asset class. It also intensifies competition among Gulf states, including the UAE and Saudi Arabia, to become leading AI hubs. By leveraging Brookfield’s operational expertise and Qai’s national mandate, the partnership aims to deliver scalable, energy‑efficient AI facilities that meet the growing demand for data‑center capacity in the region and beyond.
The announcement signals Brookfield’s confidence in the long‑term growth of AI infrastructure and its commitment to deploying substantial capital in high‑growth, long‑term assets. It also demonstrates Qatar’s ambition to become a global AI hub, aligning with its broader economic diversification strategy. The partnership is poised to shape the future of AI infrastructure in the Middle East and set a benchmark for similar collaborations worldwide.
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