Canadian alternative investment manager Brookfield Asset Management and Qatar’s national AI company Qai a subsidiary of the Qatar Investment Authority (QIA), have announced a US $20 billion joint venture aimed at building advanced artificial intelligence infrastructure in Qatar and select international markets, officials said.
Under the strategic partnership, Brookfield and Qai will contribute capital and operational expertise to develop fully integrated AI facilities designed to support the country’s expanding digital ecosystem and position Qatar as a regional hub for high-performance computing and trusted AI technologies.
The venture will focus on the construction and operation of next-generation computing assets, including an integrated compute centre to broaden regional access to advanced AI compute capabilities and support deployment of AI across key sectors. Brookfield said the initiative will benefit from strategic support from the Government of Qatar to build local skills and supply chains critical for AI infrastructure.
Brookfield plans to invest in the partnership through its recently launched Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), a vehicle the firm says could mobilise up to $100 billion of AI-related investment globally. The Qai partnership is expected to serve as a cornerstone of that global strategy. QIA Chief Executive Mohammed Saif Al-Sowaidi said the joint venture reflects Qatar’s commitment to technological advancement and to supporting its National Vision 2030, advancing innovation-led economic diversification. Abdulla Al-Misnad, Chairman of Qai, described the collaboration as a key step in building world-class AI infrastructure and capabilities.
Brookfield Chief Executive Bruce Flatt said the partnership merges Qatar’s strategic vision with Brookfield’s global expertise in developing and managing large-scale mission-critical infrastructure, marking the firm’s first major AI infrastructure investment in the Middle East.
Analysts say the JV highlights intensifying investment in AI infrastructure as countries and private investors seek to establish alternatives to U.S. and Chinese dominance in high-performance computing and AI services.
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