UAE's Mubadala explores new investments, partnerships in Asia
By: Arabian Business
Abu Dhabi fund is looking at sectors including hi-tech industries, artificial intelligence, healthcare and real estate
Abu Dhabi’s Mubadala Investment Co, which has committed $15 billion to SoftBank Group Corp’s Vision Fund, is exploring investments and new partnerships in Asia.
The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity, Mubadala’s deputy group CEO Waleed Al Mokarrab Al Muhairi said in an interview with Bloomberg TV in Hong Kong on Thursday.
“We have strong partnerships with a lot of different entities” in places such as Hong Kong, China, Japan and Singapore, Al Muhairi said.
Sovereign wealth funds in Gulf Arab states, including Saudi Arabia’s Public Investment Fund, are looking at opportunities in new areas to reduce their reliance on volatile oil markets.