PANews reported on March 12 that according to the official website of Abu Dhabi investment institution MGX, Tahnoun bin Zayed Al Nahyan, chairman of the board of directors of MGX, is the deputy ruler and national security adviser of Abu Dhabi and the son of Zayed bin Sultan Al Nahyan, the founder of the UAE.

It is reported that MGX was established by the Abu Dhabi Artificial Intelligence and Advanced Technology Committee (AIATC) in March 2024. The committee was established in January 2024 and is chaired by Tahnoon bin Zayed Al Nahyan, responsible for formulating and implementing policies and strategies related to artificial intelligence and advanced technologies in the Emirate of Abu Dhabi.

Earlier news, Binance announced that Abu Dhabi investment institution MGX invested US$2 billion in it .