 "Khaldoon Khalifa Al Mubarak, MD, Mubadala Investment")
Government of Abu Dhabi has merged two leading domestic companies - International Petroleum Investment Company (IPIC) and Mubadala Development Company – to create Mubadala Investment Company, a firm wholly-owned by the government. The merger is a strategic decision intended to create an international investment powerhouse for Abu Dhabi.
The new company, which will be valued at approximately AED 460 billion ($ 125 billion), will be organised across four investment platforms of significant scale: petroleum & petrochemicals; technology, manufacturing & mining; aerospace, information & communications technology, & renewables; and alternative investments & infrastructure.
The company’s four investment platforms will help accelerate diversification of
