Brookfield and Qai, the newly established artificial intelligence company owned by the Qatar Investment Authority, have launched a twenty billion dollar joint venture focused on building AI infrastructure in Qatar and selected global markets. The initiative is designed to establish Qatar as a leading regional hub for high-performance computing and advanced digital infrastructure.

The new venture will develop an integrated compute centre intended to expand access to large-scale AI computing capacity across the Middle East. The announcement follows Qatar’s creation of Qai, its national AI company, mirroring similar moves by the United Arab Emirates and Saudi Arabia as Gulf states compete to build AI ecosystems that can attract global developers and technology firms. Demand for AI infrastructure is accelerating rapidly. A McKinsey analysis released earlier this year estimated that the world will require more than five trillion dollars of data centre investment by 2030 to keep pace with AI workloads.

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Brookfield is participating through its recently launched Artificial Intelligence Infrastructure Fund, which plans to deploy up to one hundred billion dollars globally. The fund targets large-scale opportunities in data centres, power, cooling systems and other assets needed to support AI growth. The partnership with Qatar builds on Brookfield’s broader move into digital infrastructure, reflecting the growing intersection between energy, real estate and compute capacity in the AI era.

QIA’s head of funds, Mohsin Pirzada, said in a separate interview that Qatar has been investing in data centres long before the current boom. As one of the world’s largest natural gas producers, the country sees rising energy demand from data centres as a strategic advantage. QIA has been expanding its portfolio in AI-adjacent companies, including investments in Databricks, the fast-growing data and AI platform. Pirzada acknowledged that valuations across the AI sector are high, but compared the moment to the late 1990s and early 2000s. He expects a period of consolidation, followed by the emergence of a small set of dominant global players and strong investment opportunities for long-term capital.

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For Qatar, the joint venture signals a long-term plan to anchor AI development in the Gulf and reduce reliance on external technology suppliers. For Brookfield, it creates one of the largest AI-related infrastructure platforms announced to date. Both groups framed the partnership as a foundation for building the physical backbone power, compute, and data handling needed to support global AI deployment over the next decade.

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