Gulf AI deals continues to lure investors despite US-Iran war
Blackstone committed $250 million to a payment infrastructure platform in Abu Dhabi as the US investment firm's president lauded the UAE's strong investment credentials despite the conflict.
Even with the US-Israel-Iran war in its fourth week and infrastructure across the Gulf under strain, recent deals in artificial intelligence and other digital sectors are pointing to where investor interest is holding up despite the conflict.
What happened: US investment firm Blackstone committed $250 million to Advanced Digital Gaming Technology, an Abu Dhabi-based payments infrastructure platform, the company said Thursday.
Blackstone president and chief operating officer Jon Gray said in a statement that his company sees “significant opportunity to deploy capital at scale in the UAE to build companies that can grow both domestically and internationally, despite near-term headwinds.”
At the FII Priority Summit in Miami — part of Saudi Arabia’s Future Investment Initiative, a series of invitation-only investor gatherings backed by the Public Investment Fund — Saudi AI company HUMAIN signed a deal with US firm Turing to build the first enterprise AI Agent Marketplace. The marketplace will allow organizations to discover, deploy and scale intelligent AI agents across any business function, according to a statement from the companies.
