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The expanding empire of Mubadala
As Mubadala and GE arrange for a $2 billion loan, we take a closer look at this prospering Abu Dhabi investment company.
December 14, 2010 3:39 by Eva Fernandes
We don’t know about you, but sometimes when Kipp finds a word hard to pronounce we like to pretend it just doesn’t exist. But one such word has been pretty hard to ignore this past week.
And though we can’t wrap our tongues Mu-ba-dal-ah, this Abu Dhabi investment company has been in the headlines often enough for us to do a special spotlight on Mu…well, you know what we are talking about.
Started in 2002, Mubadala (which is the Arabic word for ‘exchange’) was established by the Government of Abu Dhabi as part of their drive to diversify Abu Dhabi’s oil based economy and to increase their presence on the international investment scene. Chaired by the Crown Prince of Abu Dhabi himself, Sheikh Mohamed bin Zayed Al Nahyan, Mubadala’s investments have experienced a significant growth over the years.
The organisation’s focus remains (according to their website) “managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate.” Currently they have investments across nine sectors including energy, healthcare, information and communications technology, real estate, aerospace and infrastructure, and services. Though they have a considerable international presence, Mubadala is most active closer to home. Its fingerprints are smeared all over Abu Dhabi’s upcoming projects including the Zayed University, NYU Abu Dhabi campus, Sowwah Island, Abu Dhabi Knee & Sports Medicine Centre, Petrofac Emirates, Emirates Aluminum, and Masdar.
Here’s why Mubadala has been in the news over the past month:
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