Skip to main content

Emirati AI firm G42 launches $10 billion investment fund

The UAE is seeking to become a leader in artificial intelligence, and has also successfully attracted some fintech firms.
Abu Dhabi

An artificial intelligence company in the United Arab Emirates announced Thursday a new investment fund. 

G42 launched its $10 billion G42 Expansion Fund with the Abu Dhabi Growth Fund. The fund will invest in “late-stage growth companies” in the following sectors, according to a press release:

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.