Mubadala Development Company
Encyclopedia
Mubadala Development Company PJSC (Mubadala) was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the Government of Abu Dhabi
, in the United Arab Emirates
.
Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. The company pursues opportunities with the potential to deliver strong social returns for Abu Dhabi
as well as generating a commercial profit.
hub, a cornerstone of the Emirate’s economic diversification strategy, through long-term, capital intensive investments. The integrated approach to the aerospace sector encompasses comprehensive manufacturing through to Maintenance Repair Overhaul (MRO) services. Mubadala has entered into collaboration agreements with global aerospace and aviation
companies to build a high tech, end-to-end technology and manufacturing base.
Assets
Partners
principles. The company invests throughout the capital structure in a diversified portfolio of global public and private securities by capitalizing on market dislocations. The unit manages a number of existing Mubadala investments including public market investments in AMD and GE
, along with private investments in the Carlyle Group
and the Related Companies. They also manage Mubadala’s fund investment activities.
Assets
and gas
to pursue opportunities that will meet the Emirate's current and future energy demands. The primary focus is on upstream oil and gas opportunities. The company has expanded in regions including MENA, Central and South East Asia and the Caspian Sea
. Mubadala is also active in R&D in the renewable energy
sector and in developing technologies that will facilitate the commercialization and widespread adoption of alternative energy sources.
Assets
sector for the Emirate. They do so by establishing long-term partnerships with international medical institutions to build sustainable businesses, create regional capability, and stimulate the overall development of the sector. Their first priority has been to address the region’s most pressing healthcare needs through the creation of specialist patient care facilities and ancillary services.
Assets
industry, with the objective of facilitating the creation of a cluster of metals-related businesses in Abu Dhabi. The company is also supporting a growing requirement regionally for the provision of utilities and support services.
Assets
communications. The company’s goal is to establish a world-class cluster of ICT businesses in Abu Dhabi, creating employment opportunities and bringing expertise and knowledge to a sector that has been identified as important to the Emirate’s economic diversification.
Assets
essential to the economic transformation of the Emirate of Abu Dhabi. They achieve this by entering into Public Private Partnerships (PPPs) and by working with global partners. They finance, build, own and operate state-of-the-art facilities in the United Arab Emirates, with major assets that include the UAE University
, Paris-Sorbonne University, New York University
and Tawam Hospital. Their initiatives also allow for third party investment in other areas of infrastructure, such as transportation.
Assets
; and the Mina Zayed Waterfront, a mixed-use leisure and entertainment district.
Assets
Partners
and leasing; defense (non-aerospace); maritime transportation; and integrated logistics.
Assets
Mohammed Ahmed Al Bowardi - Vice-Chairman
Hamad Al Hurr Al Suwaidi - Member
Nasser Ahmed Khalifa Alsowaidi - Member
Abdulhamid Mohammed Saeed - Member
Mahmoud Ibrahim Al Mahmoud - Member
Khaldoon Khalifa Al Mubarak - CEO and Managing Director
Hani Barhoush - Executive Director, Mubadala Capital; Executive Director, Mergers & Acquisitions
Maurizio La Noce - Executive Director, Mubadala Energy; Chief Executive Officer, Mubadala Oil & Gas
Suhail Mahmood Al Ansari - Executive Director, Mubadala Healthcare
Ahmed Yahia Al Idrissi - Executive Director, Mubadala Industry
Jassem Mohamed Al Zaabi - Executive Director, Mubadala Information & Communications Technology
Ali Eid Al Mehairi - Executive Director, Mubadala Infrastructure; Executive Director, Mubadala Real Estate & Hospitality
Laurent Depolla - Executive Director, Mubadala Services Ventures
Derek Rozycki - Executive Director, Structured Finance & Capital Markets
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
, in the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
.
Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. The company pursues opportunities with the potential to deliver strong social returns for Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
as well as generating a commercial profit.
Sectors
Mubadala currently has nine business units operating in a diverse range of strategic sectors deemed important for the Emirate’s economy.Aerospace
Mubadala Aerospace aims to establish Abu Dhabi as a global aerospaceAerospace
Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...
hub, a cornerstone of the Emirate’s economic diversification strategy, through long-term, capital intensive investments. The integrated approach to the aerospace sector encompasses comprehensive manufacturing through to Maintenance Repair Overhaul (MRO) services. Mubadala has entered into collaboration agreements with global aerospace and aviation
Aviation
Aviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...
companies to build a high tech, end-to-end technology and manufacturing base.
Assets
- Sanad
- STRATA
- Advanced Military Maintenance Repair and Overhaul Centre (AMMROC)
- Abu Dhabi Aircraft Technologies (ADAT)
- Horizon International Flight Academy
- SR Technics
- Piaggio AeroPiaggio AeroPiaggio Aero Industries is an aircraft manufacturing company born from the former Rinaldo Piaggio SPA, an Italian company. The company is one of the world's oldest airplane manufacturers, and its planes have been well known from the early days of aviation history.Today, Piaggio Aero Industries is...
SpA
Partners
- EADS/Airbus
- FACC
- GE
Capital
Mubadala Capital serves as the primary vehicle for the company’s financial investing activities. Their investment strategy is based on value investingValue investing
Value investing is an investment paradigm that derives from the ideas on investment and speculation that Ben Graham and David Dodd began teaching at Columbia Business School in 1928 and subsequently developed in their 1934 text Security Analysis...
principles. The company invests throughout the capital structure in a diversified portfolio of global public and private securities by capitalizing on market dislocations. The unit manages a number of existing Mubadala investments including public market investments in AMD and GE
Gê
Gê are the people who spoke Ge languages of the northern South American Caribbean coast and Brazil. In Brazil the Gê were found in Rio de Janeiro, Minas Gerais, Bahia, Piaui, Mato Grosso, Goias, Tocantins, Maranhão, and as far south as Paraguay....
, along with private investments in the Carlyle Group
Carlyle Group
The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...
and the Related Companies. They also manage Mubadala’s fund investment activities.
Assets
- GE
- Advanced Micro Devices (AMD)
- The Carlyle Group
- Mubadala Infrastructure Partners
Energy
Mubadala Energy builds on Abu Dhabi’s heritage in oilOil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
and gas
Gas
Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...
to pursue opportunities that will meet the Emirate's current and future energy demands. The primary focus is on upstream oil and gas opportunities. The company has expanded in regions including MENA, Central and South East Asia and the Caspian Sea
Caspian Sea
The Caspian Sea is the largest enclosed body of water on Earth by area, variously classed as the world's largest lake or a full-fledged sea. The sea has a surface area of and a volume of...
. Mubadala is also active in R&D in the renewable energy
Renewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
sector and in developing technologies that will facilitate the commercialization and widespread adoption of alternative energy sources.
Assets
- Nursultan Block (N Block)
- Dolphin Energy
- Masdar
- Petrofac Emirates
- PSN Emirates
- Libya (Block 103)
- Mukhaizna (Block 53)
- Habiba (Block 62)
- Karawan (Block 54)
- Pearl Energy
- Tatweer Petroleum
Healthcare
Mubadala Healthcare is playing an important role in the creation of a private healthcarePrivate healthcare
Private healthcare or private medicine is healthcare and medicine provided by entities other than the government. The term is generally used more in Europe and other countries which have publicly-funded health care, to differentiate the arrangement from the usual system.Ethical issues relating to...
sector for the Emirate. They do so by establishing long-term partnerships with international medical institutions to build sustainable businesses, create regional capability, and stimulate the overall development of the sector. Their first priority has been to address the region’s most pressing healthcare needs through the creation of specialist patient care facilities and ancillary services.
Assets
- Abu Dhabi Knee & Sports Medicine Centre (ADKSMC)
- Arzanah Wellness & Diagnostic Centre
- Imperial College London Diabetes Centre (ICLDC)
- Cleveland Clinic Abu Dhabi
- Minhaal
- Tawam Molecular Imaging Centre, Al Ain
- National Reference Laboratory
- Wooridul Spine Centre
Industry
Mubadala Industry pursues investment and development opportunities in those capital, energy or intellectual property-intensive sectors that can contribute to the wider diversification of Abu Dhabi’s economy. They invest in the upstream and mid-stream metals and miningMining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
industry, with the objective of facilitating the creation of a cluster of metals-related businesses in Abu Dhabi. The company is also supporting a growing requirement regionally for the provision of utilities and support services.
Assets
- Azaliya
- Al Rusail Independent Power
- Barka 2 Independent Water & Power Project
- Hadjret En Nous Independent Power Project
- Guinea Alumina Corporation
- Tanqia Waste Water System
- Tabreed (National Central Cooling Company PJSC)
- Emirates Aluminium (EMAL)
Information & Communications Technology
Mubadala Information & Communications Technology (ICT) invests in and develops a portfolio of global ICT assets to bring industry-leading facilities to the region. They have structured themselves to develop new projects, while managing existing assets in the three core areas of IT and technology, telecoms and satelliteSatellite
In the context of spaceflight, a satellite is an object which has been placed into orbit by human endeavour. Such objects are sometimes called artificial satellites to distinguish them from natural satellites such as the Moon....
communications. The company’s goal is to establish a world-class cluster of ICT businesses in Abu Dhabi, creating employment opportunities and bringing expertise and knowledge to a sector that has been identified as important to the Emirate’s economic diversification.
Assets
- du - Emirates Integrated Communications
- Etisalat Nigeria
- Injazat Data Systems
- Prodea Systems
- Al Yah Satellite Communications Company (Yahsat)
Infrastructure
Mubadala Infrastructure is helping to deliver the supporting infrastructureInfrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
essential to the economic transformation of the Emirate of Abu Dhabi. They achieve this by entering into Public Private Partnerships (PPPs) and by working with global partners. They finance, build, own and operate state-of-the-art facilities in the United Arab Emirates, with major assets that include the UAE University
United Arab Emirates University
United Arab Emirates University was established in 1976, and is the oldest of the three government-sponsored institutions of higher learning in the United Arab Emirates compared to the Higher Colleges of Technology and Zayed University...
, Paris-Sorbonne University, New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
and Tawam Hospital. Their initiatives also allow for third party investment in other areas of infrastructure, such as transportation.
Assets
- Paris-Sorbonne University Abu Dhabi
- UAE University
- Zayed University, Abu Dhabi
Real Estate & Hospitality
Mubadala Real Estate & Hospitality (MREH) develops strategic commercial, residential and leisure districts that are central to Abu Dhabi’s long term development plans. These major projects are part of the Government’s Plan Capital 2030. Key developments include Arzanah, a 1.4 million square meter residential and mixed-use community development; Sowwah Island, the heart of Abu Dhabi’s new Central Business DistrictCentral business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
; and the Mina Zayed Waterfront, a mixed-use leisure and entertainment district.
Assets
- Sowwah Island
- Sowwah Square
- Rosewood Abu Dhabi
- Four Seasons Hotel Abu Dhabi at Sowwah Island
- Viceroy Abu Dhabi
- Mina Zayed
- Medini, Nusajaya, Malaysia
- Viceroy Maldives
Partners
- Capitala
- John Buck International
- Viceroy Hotel Group
- PF Emirates
Services Ventures
Mubadala Services Ventures develops and manages business in service-based industries which advance and support the diversification of the Abu Dhabi economy. They focus on financial servicesFinancial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
and leasing; defense (non-aerospace); maritime transportation; and integrated logistics.
Assets
- Abu Dhabi Finance
- Abu Dhabi Terminals
- Agility Abu Dhabi
- Al Taif Technical Services
- Emirates Ship Investment Company (Eships)
- Dunia Finance
- LeasePlan Emirates
Board of Directors
HH Sheikh Mohammed bin Zayed Al Nahyan - ChairmanMohammed Ahmed Al Bowardi - Vice-Chairman
Hamad Al Hurr Al Suwaidi - Member
Nasser Ahmed Khalifa Alsowaidi - Member
Abdulhamid Mohammed Saeed - Member
Mahmoud Ibrahim Al Mahmoud - Member
Khaldoon Khalifa Al Mubarak - CEO and Managing Director
Senior Management
Homaid Al Shemmari - Executive Director, Mubadala AerospaceHani Barhoush - Executive Director, Mubadala Capital; Executive Director, Mergers & Acquisitions
Maurizio La Noce - Executive Director, Mubadala Energy; Chief Executive Officer, Mubadala Oil & Gas
Suhail Mahmood Al Ansari - Executive Director, Mubadala Healthcare
Ahmed Yahia Al Idrissi - Executive Director, Mubadala Industry
Jassem Mohamed Al Zaabi - Executive Director, Mubadala Information & Communications Technology
Ali Eid Al Mehairi - Executive Director, Mubadala Infrastructure; Executive Director, Mubadala Real Estate & Hospitality
Laurent Depolla - Executive Director, Mubadala Services Ventures
Derek Rozycki - Executive Director, Structured Finance & Capital Markets