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.
