Gulf investors bet on AI, space tech

Gulf investors, including Indian diaspora, are increasingly betting on India's AI and space sectors, though they remain cautious about other investments due to a weaker rupee and a preference for dollar-based assets, according to The Economic Times. Data centre operator Yotta is reportedly seeking to raise $150-200 million ahead of its planned IPO in early 2027, and Indian space startup Pixxel is exploring fundraising opportunities in the UAE. The article also highlights broader regional developments: the GCC's rapid buildout of AI infrastructure with 1.6 GW live, 2.6 GW under construction, and 13.8 GW planned; Aramco's 49% stake in HUMAIN for $2.6 billion; Alpha Dhabi's $1 billion commitment to Alpha Wave III; Dubai's doubled AI Campus target of 1,000 companies and 5,000 jobs by 2030; Tata Communications' $450 million investment in India's AI Super Highway; and Aditum Investment Management co-leading a $10 million pre-IPO round in Garuda Aerospace. These moves underscore the deepening economic ties between the Gulf and India in technology and innovation.

(Source：LinkedIn)