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: March 27, 2017
UAE. PwC issues new report jointly with the Global Manufacturing & Industrialisation Summit; The report outlines a roadmap for CIOs to manage the transformation of industrial companies to successfully adopt IIoT; Devising a digital strategy is key for manufacturers
date:Posted: March 27, 2017
UAE. The strongest growth rate for 2014-2015 in the region was led by Saudi Arabia and the UAE, according to a new report from The Boston Consulting Group.
date:Posted: March 27, 2017
UAE. As banks seek to be more competitive and enhance customer experiences, many look to transform their old legacy banking systems with more efficient new core solutions.
UAE. PwC issues new report jointly with the Global Manufacturing & Industrialisation Summit; The report outlines a roadmap for CIOs to manage the transformation of industrial companies to successfully adopt IIoT; Devising a digital strategy is key for manufacturers
dhgate