Tahnoon Bin Zayed Leads MGX’s Year-End Board Meeting To Discuss AI Investments And Future Technologies

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of the MGX Board, led the company's last Board meeting of the year. He stressed the UAE's dedication to leading in future technologies globally. The focus is on sustainability, competitiveness, and establishing the UAE as a hub for science, technology, and innovation.

Sheikh Tahnoon highlighted the importance of empowering national talent and supporting technology developers. The aim is to enable entrepreneurs and emerging companies to thrive in the digital transformation journey. This aligns with the UAE's vision to enhance its global standing in technological advancement.

MGX is progressing according to its strategic plans to become a global leader in technological transformation. By investing in artificial intelligence infrastructure and advanced technology, MGX aims to provide solutions that improve human well-being and quality of life worldwide.

The Board reviewed MGX’s commercial and financial performance for 2024. They evaluated existing investments and partnerships while approving new investments in AI infrastructure and advanced technology. These steps align with MGX’s strategic goals for growth.

Ahmed Yahya Al Idrisi, Managing Director and CEO of MGX, stated, "At MGX, we are committed to implementing an investment strategy that empowers entrepreneurs in the field of artificial intelligence. By collaborating closely with our global partners in investment, infrastructure, and technology, we aim to play a pivotal role in driving the next technological revolution."

The meeting included Khaldoon Khalifa Al Mubarak, Vice Chairman of MGX, along with Board members Jassim Mohammed Buatabh Al Zaabi, Peng Xiao, Martin Edelman, and Ahmed Yahya Al Idrisi. Their presence underscored the collaborative effort towards achieving MGX's objectives.

Foundation of MGX

MGX was founded in March 2024 by the Artificial Intelligence and Advanced Technology Council (AIATC) in Abu Dhabi. The Council was launched earlier that year under Sheikh Tahnoon's leadership. It focuses on shaping policies related to AI and advanced technology within Abu Dhabi.

The UAE continues its journey towards digital transformation by fostering innovation through strategic investments. By focusing on empowering talent and supporting emerging businesses, it aims to maintain its position as a leader in global technological advancements.

With inputs from WAM