Mubadala has emerging markets investment 'gaping hole'
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu October 28, 2010 11:52 am

UAE. Mubadala Development, an Abu Dhabi government investment unit, wants to expand in emerging markets over the coming years as the company diversifies its investments.

A “gaping hole is going to be addressed in the next two or three or four years and it’s about emerging market exposure,” Chief Operating Officer Waleed Al Mokarrab Al Muhairi told Bloomberg Wednesday at the World Economic Forum in Marrakesh, Morocco.

Mubadala has an US$8 billion joint venture with General Electric Co. in emerging markets, and a stake in California- based semiconductors maker Advanced Micro Devices Inc. Mubadala said in August it may buy assets from BP after the company lost half its value following the worst oil spill in U.S. history.

The sovereign investment company said on October 8 that it’s exploring a possible US$7 billion aluminum project in Malaysia’s eastern Sarawak state. Mubadala’s Chief Executive Officer Khaldoon Al Mubarak discussed investment opportunities with Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Co., Kingdom said in June.

Mubadala sees opportunities in India, China, Thailand and Vietnam, Al Muhairi said. “We have no geographical restrictions,” he said. ‘’We always want to find the best return.”

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 29, 2015
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
date:Posted: May 28, 2015
UAE. The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technically vulnerable to further declines.
date:Posted: May 28, 2015
UAE. Low production costs for Middle East companies gives regional players significant competitive advantage in the low price segment of an oil "super cycle", according to the latest paper from global strategy and management consulting firm A.T. Kearney.
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
dhgate