Mubadala Investment Company

Sector: Diversified

Country: UAE

In the UAE, Mubadala Investment Company has focused on the creation of national champions. Its role reflects Abu Dhabi’s broader vision to build competitive national industries, create high-value jobs, and position the UAE as a key player across strategic sectors.

Mubadala accounted for about 20 per cent of the almost $136.1bn spent by sovereign wealth funds worldwide in 2024, overtaking Saudi Arabia’s PIF amid a surge in spending from Gulf countries.

Mubadala and its subsidiaries deployed $29.2bn in 2024, up from $17.5bn invested in 2023, based on a preliminary annual report from industry specialist Global SWF, which tracks the world’s sovereign investment funds.

In the pursuit of scaling their private credit and alternative investment activities, Mubadala and Goldman Sachs announced a partnership aimed at deploying $1bn of long-term capital to invest in the growing Asia-Pacific credit market.

In a landmark move, Mubadala, through its asset management subsidiary Mubadala Capital, and Fortress management completed the acquisition of 90.01 per cent of Fortress’ equity previously held by SoftBank Group Corp.

In 2024, Mubadala joined a consortium led by Silver Lake for the take-private of Endeavor Group Holdings, a global sports and entertainment company.

Mubadala and Bpifrance, the French public investment bank, acquired a minority stake in SOCOTEC, a major French company operating in risk management, compliance, safety, health, and environment across the building, real estate, infrastructure, and industry sectors.

The Dubai-based fintech startup Stake raised $14m in a Series A funding round led by MEVP (Middle East Venture Partners), a UAE venture capital firm, with participation from Abu Dhabi’s sovereign-backed Mubadala Investment Company and Wa’ed Ventures, a unit of Saudi Aramco.

Mubadala has also made its first renewable energy investment in Japan to accelerate corporate solar adoption. PAG REN I will operate across developed Asia-Pacific economies, with a strong focus on Japan. The platform will draw on PAG’s decades of experience in Japanese real estate and the technical expertise of its in-house team, PAG Renewables. It is positioned to support Japan’s goal of installing 108 gigawatts of solar capacity by 2030. Examples of Mubadala’s local impact include:

Masdar, established as an early mover in 2006, is now a global leader in renewable energy with projects in more than 40 countries.

M42, a global health champion powered by artificial intelligence, technology, and genomics, created in 2022 through the merger of G42 Healthcare and Mubadala Health.

Space42, a UAE-based space tech company integrating satellite communications, geospatial insights, and AI capabilities.

Emirates Global Aluminium (EGA), one of the world’s largest and most competitive aluminium producers, pioneering aluminium smelting using solar power.

Strata, an advanced manufacturer of aerospace components.