Finance Mubadala to shift investment focus to Asia says CEO By Pramod Kumar December 8, 2023, 5:24 AM Wam Mubadala CEO Khaldoon Al Mubarak said its main investment flows were changing, with more emphasis on India and Southeast Asia Mubadala, the second-biggest sovereign wealth fund in Abu Dhabi, will shift its investment focus towards Asia though the US remains a key market, CEO Khaldoon Al Mubarak said. “The US will remain an unbelievably attractive market and a key market for us,” Al Mubarak told the Milken Institute Middle East and Africa Summit. The CEO said the fund’s main investment flows were changing, with less emphasis on the US and Europe. Mubadala’s first-ever green bond order book hits $6bn Mubadala Capital’s second Brazil fund raises $710m Fund managers hedge bets between Dubai and Abu Dhabi The East is growing today, Al Mubarak said, citing India and Southeast Asia. “It’s in big economies with big populations that are growing,” Al Mubarak said, admitting that the fund had not given much focus to Asia in the last decade but was building up that capacity. Mubadala has invested $4 billion in India, including investments in billionaire Mukesh Ambani’s telecom and retail businesses, as well as Tata Power’s renewable energy unit. In September Mubadala officially opened an office in Beijing in a move to further strengthen the growing economic relations between the UAE and China. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
