Tahnoon bin Zayed Presides Over MGX's Second Board Meeting as Chairman

Post by: Raman Preet

Photo : Abu Dhabi Media Office

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, presided over the company's second Board of Directors meeting, where the focus was on the company’s strategic role in harnessing cutting-edge technologies to drive global innovation and improve living standards. The meeting underscored the importance of MGX's mission to advance various sectors through the adoption of advanced technologies, with a clear emphasis on fostering innovation that can significantly impact business operations and enhance the quality of life globally.

During the meeting, Sheikh Tahnoon highlighted the crucial role MGX plays in the global technology landscape. He emphasized that the company’s efforts to integrate advanced technologies are not just about staying at the forefront of innovation but are also essential for building a prosperous future for both individuals and nations. This strategic focus on technology is seen as a key driver for the company’s mission to improve living standards and create sustainable economic growth.

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The Board of Directors reviewed and approved several key strategic initiatives during the meeting. These initiatives are set to strengthen MGX's investment portfolio, with a particular focus on digital infrastructure, advanced technology, and artificial intelligence. The board's decisions are aligned with MGX's long-term mission to establish itself as a leader in the technology and innovation sectors. By investing in these critical areas, MGX aims to build a diversified portfolio that not only drives technological advancement but also ensures that the company remains at the cutting edge of global innovation.

Ahmed Yahia Al Idrissi, the CEO of MGX, spoke about the company’s direction under the leadership of His Highness Sheikh Tahnoon bin Zayed Al Nahyan. He noted that MGX is making significant strides towards becoming a premier investor in technology and innovation. Al Idrissi pointed out that MGX's partnerships with global technology leaders are instrumental in achieving groundbreaking advancements that will have a lasting impact on the technological landscape.

The meeting was attended by several high-profile board members, including His Excellency Khaldoun Khalifa Al Mubarak, who serves as Vice Chairman of the Board. Other attendees included His Excellency Jassim Mohammed Bu Ataba Al Zaabi, Peng Xiao, Martin Edelman, and Ahmed Yahia Al Idrissi, all of whom play critical roles in guiding MGX's strategic direction.

MGX was established in March 2024 as a result of a strategic partnership between Mubadala and G42. As a technology investment firm, MGX is dedicated to enabling and developing advanced technologies that can significantly improve the lives of both current and future generations. The company is committed to making meaningful contributions to global technological progress, with a focus on creating innovations that have a wide-reaching impact.

Earlier in January 2024, the Artificial Intelligence and Advanced Technology Council (AIATC) was established under the chairmanship of His Highness Sheikh Tahnoon bin Zayed Al Nahyan. The council was created to develop and implement policies and strategies related to AI and advanced technologies in Abu Dhabi. AIATC plays a vital role in fostering research, investments, and collaborations with both local and international partners, positioning Abu Dhabi as a global leader in artificial intelligence and advanced technology.

AIATC's initiatives, including the formation of MGX, are part of a broader strategy to solidify Abu Dhabi’s leadership in AI and advanced technology. These initiatives are focused on creating sustainable and impactful innovations that will not only benefit the region but also contribute to the global advancement of technology.

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