Another AI play from Mubadala

Mubadala continues to ramp up its AI portfolio: Mubadala Investment’s MENA Venture Capital Fund led a pre-Series B funding round in Abu Dhabi-based startup Applied AI, alongside global VC firm Arbor Ventures, according to a press release. The funding will support the global expansion of its enterprise AI platform, Opus, built for mission-critical operations.

It’s all part of a bigger plan: Mubadala recently said it is looking to ramp up its investments in AI and robotics, with the fund focusing on prospects involving both sectors as well as their application in industry and manufacturing. The sovereign entity was the top state-owned AI spender in 2025, with around USD 4.9 bn invested.

Ayedh Dejem Group invests in Indonesia

UAE real estate developer digs into Indonesia’s new capital with USD 238 mn project: Dubai-based real estate developer Ayedh Dejem entered Indonesia’s smart urban development market with a planned USD 238 mn mixed-use project in the country’s new capital Nusantara (IKN), Reuters reports. The development will include a shopping center, an office complex, a commercial area, and prayer spaces. Construction is slated to start in mid-2027.

The details: The group inked a non-disclosure agreement with the IKN authority last May to develop a 10-hectare mixed-use project, according to a post on LinkedIn and a separate press release. The group’s CEO Zed Ayesh said the project will be carried out in phases and that Aydeh committed to an additional four-hectare land purchase.

About Ayedh Dejem: The group is a privately held diversified business initially established in Saudi Arabia and now headquartered in Dubai. It operates in the UAE, Saudi Arabia, Egypt, Turkey, and the UK.

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