Abu Dhabi Forms $25 Billion US Energy Venture to Power AI
In this photograph distributed by the Abu Dhabi Media Office, Sheikh Tahnoon bin Zayed Al Nahyan and Donald Trump meet at the White House on March 18.
Source: Abu Dhabi Media OfficeThis article is for subscribers only.
An Abu Dhabi sovereign investor is forging a $25 billion US partnership to invest in power generation for data centers and artificial intelligence projects, soon after President Donald Trump hosted a top royal from the emirate.
ADQ, a fund from the capital of the United Arab Emirates, and investment firm Energy Capital Partners will initially put in a combined $5 billion, according to a statement. The partnership ultimately plans total investments of more than $25 billion, mainly on US assets, the statement said.