UAE's Mubadala Explores New Investments, Partnerships In Asia
Abu Dhabi fund is looking at sectors including hi-tech industries, artificial intelligence, healthcare and real estate
Mubadala merged with International Petroleum Investment Co in 2017 and absorbed Abu Dhabi Investment Council last year, making it the world’s 14th-largest fund.
Abu Dhabi’s Mubadala Investment Co, which has committed $15 billion to SoftBank Group Corp’s Vision Fund, is exploring investments and new partnerships in Asia.
The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity, Mubadala’s deputy group CEO Waleed Al Mokarrab Al Muhairi said in an interview with Bloomberg TV in Hong Kong on Thursday.
“We have strong partnerships with a lot of different entities” in places such as Hong Kong, China, Japan and Singapore, Al Muhairi said.
Sovereign wealth funds in Gulf Arab states, including Saudi Arabia’s Public Investment Fund, are looking at opportunities in new areas to reduce their reliance on volatile oil markets.
Mubadala merged with International Petroleum Investment Co in 2017 and absorbed Abu Dhabi Investment Council last year, making it the world’s 14th-largest fund with about $250 billion of assets, according to the Sovereign Wealth Fund Institute.
For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
UAE Announces Major New Tax Rules
UAE introduces Cabinet Decision to amend tax rules and attract investment Read more
UAEs Maseera Acquires Egyptian Fintech ADVA
The move marks a critical milestone in Maseera’s regional expansion strategy Read more
Oman Mandates IBAN For Domestic Transfers From July 2025
The move follows the Oman Central Bank's implementation of the IBAN system for international transfers from March 31, 2... Read more
Egypt And Jordan Thank The European Parliament For New Financial Aid
The European Union members recently approved loans worth $4.4 billion in three instalments to Egypt and $555 million to... Read more
Standard Chartereds SC Ventures To Replicate Asia, Africa SME Model In GCC
SC Ventures to bring its successful SME building strategy in India, South East Asia and Africa to GCC, and plans to rol... Read more
UAE Central Bank Revokes Licence Of Dynamics Insurance Brokers For Regulatory Breaches
Dynamics Insurance Brokers "failed to comply with the licensing terms and requirements issued by the Central Bank and w... Read more