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Republic of Guinea and Mubadala Development Company announce collaborative agreement

The Republic of Guinea and Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic investment and development company, announced today the signing of agreements to explore new investments and partnerships in strategic sectors such as Bauxite, Alumina and Iron Ore. These initiatives are expected to deliver significant benefits to the economies of both the Republic of Guinea and the United Arab Emirates.

13 November 2011

The Republic of Guinea and Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic investment and development company, announced today the signing of agreements to explore new investments and partnerships in strategic sectors such as Bauxite, Alumina and Iron Ore. These initiatives are expected to deliver significant benefits to the economies of both the Republic of Guinea and the United Arab Emirates.

Commenting on the agreement, HE Mohamed Lamine Fofana, Minister of Mines and Geology said: “Mubadala is a strategic partner for the Republic of Guinea and we are very pleased to announce this agreement. We look forward to working towards a successful partnership with Mubadala in these sectors, which are highly strategic for Guinea and are an important foundation for the development of our economy and the realization of new opportunities for our people. This is one of the most important developments in the broader cooperation between The Republic of Guinea and the United Arab Emirates.”

Commenting on the agreement, Waleed Al Mokarrab Al Muhairi, Chief Operating Officer of Mubadala said: “We are delighted to have signed this agreement with the Republic of Guinea, who share our strong development philosophy. This partnership will create a range of positive impacts on the economies of both countries, including industrial investment, job creation and local community developments. Furthermore, it will play a vital role in the ongoing successful implementation of our strategy to build a global Aluminium champion through EMAL while securing raw materials for the UAE’s growing steel industry. We are extremely honored to partner with the Republic of Guinea and look forward to a long and productive relationship.”

About Mubadala

Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi and that contribute to the growth and diversification of its economy.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include semiconductor technology, aerospace, energy, healthcare, information communications and technology, infrastructure, real estate and hospitality, and services ventures. For more information about Mubadala, please visit http://www.mubadala.ae

For additional information, please contact:

Paul Slinger
Edelman - Mubadala Group Communications
Tel: +971 50 612 9846
Email:

Aya Yassein
Edelman - Mubadala Group Communications
Tel: +971 50 800 8268
Email: