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MGX also isn't a US entity, it's a UAE sovereign wealth venture

https://www.mgx.ae/en

It doesn't seem to be a US initiative.

I'm sure they're getting tax credits for investment (none of the articles I can find actually detail the US gov involvement) but the project is mostly just a few multinationals setting up a datacenter where their customers are.

They’re in the US (their fund stuff). Not far from an oracle campus actually. The parent org is in Japan.