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.
DIFC Courts Embrace Blockchain Tools For Complex Digital Asset Cases
New custodial and analytics services will allow judges and litigants to better manage disputes involving cryptocurrenci... Read more
UAE Announces Major Changes To Corporate Tax Rules
Changes explain how corporate tax liabilities are settled and give businesses the right to claim payments in certain ca... Read more
Kuwait To Launch Dedicated Banking Crimes Prosecution Office In 2026
New unit in Kuwait will target cyber fraud, cheque offences and financial forgery as authorities step up protection of ... Read more
Islamic Development Bank Approves $1.365bn Financing In 12 Countries
To support development projects, including renewable energy, power networks, transport corridors, water and agricultura... Read more
UAE Tops MENA Crypto Adoption And Ranks 5th Worldwide – Report
World Crypto Rankings 2025 highlights the UAE’s rise as a regional leader in digital assets and tokenisation, with Du... Read more
ADIO, Primavera To Collaborate To Attract High-growth Companies To Abu Dhabi
The partnership will increase cross-border capital flows, deepen investor partnerships and expand the footprint of glob... Read more