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: December 7, 2016
INTERNATIONAL. Will this be the year when China exceeds growth expectations, Brexit turns into Bremain, the Mexican peso soars and Italian banks turn out to the best performing equity asset class?
date:Posted: December 7, 2016
UAE. Smart Grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the MENA region.
date:Posted: December 6, 2016
UAE. Knowledge Summit 2016: "Over 2 billion jobs will disappear by 2030 and that is the hidden results of our rapid technology growth. But, if we understand all these hidden consequences we can create jobs at a much higher rate".
dhgate