New Abu Dhabi investment firm builds four-pronged platform

The Mubadala Investment Co., a strategic investment firm owned by Abu Dhabi’s government, will be built on a platform focusing on four main areas, the new company's board of directors announced recently.

The board said developing across four areas -- petroleum petrochemicals; technology, manufacturing and mining; aerospace, renewables, and information and communications technology; and alternative investments and infrastructure -- will be a means of accelerating the city's economic diversification.  
 
“This marks an important milestone for the new company," Khaldoon Khalifa Al Mubarak, managing director and CEO of Mubadala, said. “Committees comprised of Mubadala and IPIC leaders have worked very hard over the past six months to put in place a proposal for a structure that will best serve the new company’s mandate. The structure, governance and world-class talent will enable the Mubadala Investment Company to be an investment powerhouse for Abu Dhabi.”
 
The board of directors is chaired by Mohammed bin Zayed al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces. Its vice-chairman is Mansour bin Zayed Al Nahyan, deputy prime minister of the UAE and minister of Presidential Affairs.