In a move that is set to revolutionize industries, Mubadala’s strategic investments have seen total assets under management grow by 9.5% to 1.11 trillion dirhams. The wealth fund has been prioritizing investments in key areas such as artificial intelligence, technology, digital infrastructure, life sciences, and clean energy.
One notable investment made by Mubadala was in data center provider Aligned, showing their commitment to the digital infrastructure sector. Additionally, Mubadala, alongside G42, was one of the founding partners of a technology investment firm called MGX in the UAE. With the potential to surpass $100 billion in assets under management in a few years, it is clear that Mubadala is spearheading Abu Dhabi’s push into the technology sector.
G42, part of a $1.5 trillion empire controlled by UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, has been instrumental in the country’s AI efforts. Mubadala recognized this and partnered with G42 to establish two new businesses last year. One of these businesses focuses on satellite technology, while the other is dedicated to healthcare.
Furthermore, Mubadala has made significant strides in growing its private credit business. The fund entered into a joint venture with Apollo Global Management to lend around $2.5 billion and another joint venture with Ares Management Corp. to deploy approximately $1 billion. These partnerships highlight the fund’s commitment to diversifying its investments and firmly establishing itself as a major player in the private credit market.
Mubadala’s strategic investments are not only driving growth but also shaping the future of various industries. Their focus on artificial intelligence, technology, and digital infrastructure reflects their recognition of the transformative potential of these sectors. The fund’s partnerships with key players, such as G42 and Apollo Global Management, further strengthen their position and expertise in these areas.
In a statement, Mubadala’s CEO Ahmed Alhumaizi highlighted the importance of these investments, stating, “Our strategic investments are not only generating strong returns for our stakeholders but also driving innovation and creating new opportunities for growth in Abu Dhabi and beyond.”
With their continued commitment to investing in cutting-edge technologies and sectors, Mubadala is at the forefront of driving economic growth and transformation. Their strategic vision and partnerships position them as an emerging powerhouse in the global market.
As the world continues to evolve, it is evident that Mubadala’s strategic investments will shape the industries of tomorrow. Their forward-thinking approach and willingness to embrace new technologies ensure that they remain a key player in the ever-changing business landscape.
In the words of Ahmed Alhumaizi, “We believe in the potential of innovation to transform industries and drive economic growth. Through our strategic investments, we aim to unlock new opportunities and create a better future for all.”
Mubadala’s journey towards revolutionizing industries has only just begun. With their strategic investments, partnerships, and unwavering commitment to innovation, they are on track to become a global leader in driving economic growth and shaping the future. The world eagerly awaits the next groundbreaking move from this visionary fund.
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