Expanded partnership highlights global commitment to accelerating investment in next-generation infrastructure powering the future of AI

MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Microsoft today announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP). This addition further reinforces AIP’s global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. KIA’s participation underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence.

KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is well positioned to support AIP’s growth and help execute its global strategy.

Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilize $30 billion of equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing. Over the past year, it has become one of the world’s leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centers.

Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority (KIA), said, “KIA’s participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.”

Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, said, “We are delighted to welcome KIA as a strategic capital partner, marking a significant milestone that further reinforces the strength and long-term vision of the AIP Partnership. As the demand for AI infrastructure continues to rise, we must scale our investments and accelerate the pace of execution, working with our global partners.”

Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, a part of BlackRock, said: “We are pleased to welcome KIA as a partner in AIP. We have a longstanding and deep relationship with KIA and we look forward to working with them and our other partners to position AIP at the forefront of helping to further our joint ambition to enhance AI innovation and economic growth.”

Forward-Looking Statements

This press release, and other statements that the parties may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the parties’ or AIP’s future financial or business performance, strategies or expectations, including the anticipated timing, consummation and expected benefits of AIP. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions.

The parties caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and may contain information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any projections or forecasts made will come to pass. Forward-looking statements speak only as of the date they are made, and the parties assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

Certain of the parties have previously disclosed risk factors in their respective United States Securities and Exchange Commission (“SEC”) reports. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from forward-looking statements or historical performance. Such parties’ Annual Reports on Form 10–K, Quarterly Reports on Form 10-Q and subsequent filings with the SEC, accessible on the SEC’s website at www.sec.gov and on the applicable party’s website, discuss certain of these factors in more detail and identify additional factors that can affect forward–looking statements. The information contained on each party’s website is not a part of this press release, and therefore, is not incorporated herein by reference.

Media Contacts BlackRock / Global Infrastructure Partners (GIP) Mustafa Riffat mustafa.riffat@blackrock.com

MGX communications@mgx.ae

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