Qatar’s sovereign wealth fund and Blue Owl are pouring $3 billion into AI infrastructure. The Qatar Investment Authority struck a strategic partnership with the New York-listed alternative investor to seed a digital infrastructure platform, with plans to expand.
The deal comes as so-called hyperscalers like AWS, Google, and Microsoft scramble for compute to keep up with surging demand for cloud and AI services. QIA CEO Mohammed Saif Al-Sowaidi said the partnership reflects Doha’s strategy of backing “leading global firms that are addressing the world’s growing demand for data centers.” Blue Owl is no stranger to the Gulf: Earlier this year Abu Dhabi’s ADQ signed a $25 billion partnership with Energy Capital Partners, a US infrastructure manager and Blue Owl collaborator.