Brookfield Asset Management Ltd. (NYSE: BAM) and Qai, a subsidiary of the Qatar Investment Authority, have announced a $20 billion joint venture to build and operate AI‑focused data centers and power facilities in Qatar and selected international markets. The partnership will leverage Brookfield’s expertise in large‑scale infrastructure development and Qai’s local market knowledge and government support to create a fully integrated AI ecosystem.
The venture is a cornerstone of Brookfield’s $100 billion global AI infrastructure program, which was launched in November 2025 with partners such as NVIDIA and the Kuwait Investment Authority. By investing through the newly launched Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), the company aims to accelerate the deployment of AI services in the Middle East, aligning with Qatar’s National Vision 2030 to diversify its economy and become a regional AI hub.
Brookfield’s CEO Bruce Flatt said the partnership “combines Qatar’s strategic vision with Brookfield’s global expertise in developing and operating mission‑critical infrastructure.” He added that the joint venture will “accelerate innovation, deepen regional capability and support the responsible deployment of advanced AI technologies across the Middle East.” QIA’s Mohammed Saif Al‑Sowaidi highlighted the deal as a testament to Qatar’s commitment to building a diversified, innovation‑based economy, while Qai’s chairman Abdulla Al‑Misnad emphasized the collaboration’s role in attracting investment and talent to the region.
The joint venture follows Qai’s launch on December 8 2025, the day before the announcement, and builds on Brookfield’s prior partnership with the Qatar Investment Authority, including an $8.6 billion Manhattan West development joint venture in 2015. The new AI infrastructure project positions Brookfield to compete with Gulf neighbors such as the UAE and Saudi Arabia, both of which are investing heavily in AI startups and data center capacity.
The partnership underscores the accelerating global demand for AI infrastructure, with estimates that $7 trillion will be required over the next decade. By securing a $20 billion commitment in Qatar, Brookfield and Qai are poised to capture a share of this expanding market while supporting Qatar’s ambition to become a knowledge‑based economy.
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