MGX Chairman is the son of the UAE's "Founding Father" and the brother of the current President

BlockBeats News, March 12th. According to the MGX official website, MGX Chairman Tahnoon bin Zayed is the Deputy Ruler of the United Arab Emirates and the UAE National Security Advisor. He is the son of the first UAE President, Sheikh Zayed Bin Sultan Al-Nahayan, and the brother of the current UAE President, Mohamed Bin Zayed Al-Nahyan. The 56-year-old Tahnoon bin Zayed controls two sovereign wealth funds with assets totaling up to $1.4 trillion.

MGX Fund Management Limited is a UAE state-owned artificial intelligence technology investment company. Established by the Abu Dhabi government in 2024, MGX aims to be a vehicle for AI-driven investments with a target of managing $100 billion in assets. It focuses on accelerating the development and adoption of AI and advanced technologies through establishing world-leading partnerships in the UAE and globally.