Mubadala

Our History

Mubadala Investment Company was established to realize the vision of the founding father of the United Arab Emirates-- the late Sheikh Zayed bin Sultan Al Nahyan. Central to this is the growth and development of the economy, which lays the foundation of a thriving nation.  

The late Sheikh Zayed bin Sultan Al Nahyan championed the establishment of a progressive governmental structure and channeled newfound oil resources, struck in the 1950s, towards the creation of critical infrastructure, such as hospitals and universities, for generations to come.

Established in 1984, International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy. Both swiftly flourished into active worldwide investors across multiple sectors. 

Expanding this visionary heritage of excellence, Mubadala Investment Company was created in 2017 as a global investment powerhouse for Abu Dhabi.

Today, Mubadala Investment Company operates across a diverse portfolio spanning more than 30 countries globally, continuing the vision of our founding father.

Our contribution to a diversified economy

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2018
DECEMBER 2018

Masdar, in partnership with Manchester University will be inaugurating the Graphene Engineering Innovation Centre (GEIC), or what is known as the Masdar Building. Masdar, is the principal funder of the purpose-built research Centre at the University of Manchester in England aimed at marketing products and technologies made from a “wonder material” known as graphene.

September 2018

Mubadala will open an office in San Francisco, the first Mubadala office in the U.S. for the Venture Capital business which will oversee early growth investments and manage the Softbank Vision Fund investments.

July 2018

Mubadala, through its assets companies, is playing an active role in eliminating pollution caused by plastics and supporting various environmental causes, with Borealis playing a pivotal role.

For over a decade, the Borealis Social Fund has contributed to various United Nations (UN) sustainable development goals (SDG) to support and action various social and environmental causes, such as Project STOP.

JUNE 2018

Mubadala Petroleum signed an agreement to enter the Egyptian market by acquiring an interest in the Shorouk Concession that encompasses the giant Zohr gas field in the Mediterranean Sea ― the largest gas discovery ever made in the Mediterranean.

JUNE 2018

Mubadala Ventures will manage a US $400 million fund to invest in leading European technology companies. In partnership with SoftBank Group, the fund will target founder-led, high growth technology companies with global scale and impact. The fund will work closely with early-stage UK and other European funds.

JUNE 2018

Mubadala together with AMEERA Capital Management LLC – the current owners of Andromeda Group  - has agreed to acquire majority stakes in two European fish farming companies: Nireus SA and Selonda SA.

The agribusiness sector is strategically important to the global economy and has significant potential for value capture. Aquaculture is one of the most promising sub-sectors, where the deployment of new technologies can drive productivity improvements and accelerate growth.

JUNE 2018

Emirates Global Aluminium (EGA), received its first shipment of bauxite ore in preparation for the commissioning of its under-construction Al Taweelah alumina refinery. The 61,450 ton shipment of bauxite sailed to the UAE from the Republic of Guinea in West Africa in 33 days.

JUNE 2018

Cleveland Clinic Abu Dhabi performed three transplant surgeries from a deceased donor on the same day, including the UAE's first double-lung transplant. Cleveland Clinic Abu Dhabi continues its progress as the UAE's first and only multi-organ transplant center, working in partnership with other organizations to help improve the health of the community.

MAY 2018

The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announced the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. This project is Mubadala Petroleum’s first investment in the Russian oil and gas sector.

MAY 2018

Injazat and MDC Business Management Services launch a strategic partnership to build a Hybrid Cloud Platform in Abu Dhabi for the Mubadala Group of Companies. The platform will align to the principle of in-country data sovereignty and will facilitate the expansion of the shared services offering helping to attract global partnerships with key international IT vendors of futuristic technologies like block chain, artificial intelligence (AI), virtual reality and other capabilities of digitization. 

MAY 2018

Mubadala Investment Company together with its partners in China has committed US $1 billion towards about 10 opportunities as part of the US $10bn joint investment plan between Abu Dhabi and Beijing in line with the emirate's plans to diversify the economy away from hydrocarbons sector.

MAY 2018

Novealis Holdings LLC -- a joint venture between Borealis and NOVA Chemicals -- has entered a 50/50 JV with Total, to create Bayport Polymers LLC ("Bay-Pol).

The JV will encompass Total’s existing Bayport, Texas polyethylene facility, a new Borstar® technology polyethylene unit at Total’s Bayport site, and the ethane steam cracker that is under-construction at Total’s site in Port Arthur, Texas.

MAY 2018

Mubadala sold its 60 percent stake in EMI Music Publishing to Sony for US $1.9 billion. EMI Music Publishing owns or administers over two million songs. The sale represents a milestone for our private equity business and provided liquidity for reinvestment.

MAY 2018

Investcorp invested in four rental apartment communities and a student-housing complex for US $286 million. It also invested in four industrial portfolios comprising of 2.7 million sq. ft. and over 40 buildings in a deal worth US $206 million. Mubadala is the largest shareholder with a 20 percent stake in Investcorp, a Bahrain-based alternative investment company.

MAY 2018

The Abu Dhabi National Oil Company (ADNOC) signed a project development agreement with Cepsa for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemicals complex in Ruwais, UAE.

APRIL 2018

Cepsa started production at the Timimoun natural gas field in Algeria, marking the company's first start-up of a natural gas field. The industry partners involved are Sonatrach and Total.

Cepsa with multiple industry partners, won three hydrocarbon exploration and production blocks in shallow-water areas in the Tampico-Misantla basin in the Gulf of Mexico; one of the largest hydrocarbon producing areas in Mexico, signifying the company's first entry into the country.

APRIL 2018

At the Global Aerospace Summit, Strata announced its first contracted statement of work for the 777X program, enabling the company to expand its role as a direct composite aero structures supplier to Boeing Commercial Airplanes.

March 2018

Mubadala signed an MOU yesterday with the South Korean Semiconductor Association to expand commercial ties in semiconductor manufacturing between the two entities. The partnership will promote the development of business opportunities as well as further knowledge transfer and collaboration on investment and market competitiveness.

March 2018

Mubadala Petroleum signed a Production Sharing Contract (PSC) for Andaman I, awarded by the Government of Indonesia. The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long-term export to regional markets.

March 2018

Abu Dhabi Investment Council became part of the Mubadala Group following an announcement issued by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces.

It follows a number of Abu Dhabi initiatives to further enhance the Emirate's competitiveness, creating an investment vehicle of significant scale to drive greater economic diversification and growth.

March 2018

Mubadala signed a Memorandum of Understanding (MoU) with Greece’s new economy development fund – Taneo – a fund of funds investing in Greek venture capital funds to create a EUR 400 million co-investment platform.

March 2018

Masdar reached a collaborative agreement with Khazna for a new project that will increase solar photovoltaic (PV) deployment in Abu Dhabi. It is incorporating innovative solar PV at its data center facilities at Masdar City.

FEBRUARY 2018

The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, awarding it a 20 percent stake in Abu Dhabi’s offshore concession. This concession agreement marks an important moment for Cepsa and our close relationship with ADNOC, with whom we are working with on a number of projects in the upstream, downstream and petrochemical sectors.

JANUARY 2018

A US $50 million grant backed by several UAE entities, including Masdar, is set to provide power to several Caribbean nations sustainably. Now in its second phase, the UAE-Caribbean Renewable Energy Fund (UAE- CREF) represents the largest current investment in the region's renewable energy sector, and will result in clean energy development in Belize, the Dominican Republic, Grenada, Guyana, Haiti, St. Kitts & Nevis and St. Lucia

JANUARY 2018

Masdar has agreed to deliver over 800 MW of wind power in Egypt alongside Elsewedy Electric and Marubeni Corporation. In a first-time partnership, the entities will collaborate to build on existing renewable energy capacity in Egypt.

JANUARY 2018

Turbine Services & Solutions – the leading MRO service provider – will collaborate with Honeywell on a regional first. The two companies have joined forces to introduce Honeywell's Maintenance and Inspection (M&I) voice system into TS&S' operations in Abu Dhabi.

JANUARY 2018

Cepsa and Masdar signed an MoU to explore renewable energy projects, with a special focus on wind and solar. Both organizations are wholly owned Mubadala companies, with this partnership reflecting synergies across regions, disciplines and skills within the group.

JANUARY 2018

Yahsat launched Al Yah 3 – its third satellite - and expanded its k-band coverage to an additional 19 markets in Africa and marks the company’s entry into the Brazilian market.

JANUARY 2018

Mubadala signed a Memorandum of Understanding (MoU) with the UAE Ministry of Health Prevention,to explore cooperation across eight key healthcare pillars including support in establishing new centers for diabetes, cancer care and screening services as well as collaboration on neurosurgery, laboratory examinations for new medications entering the UAE, and bio-banking and genomics.

JANUARY 2018

Masdar signed a share purchase agreement (SPA) with Akuo Energy ― a leading French IPP in renewable energy ― to enter into the Krnovo Wind Farm, Montenegro's first wind energy project. Masdar will acquire 49 percent of Krnovo Green Energy, a subsidiary of Akuo Energy and Montenegro-based LLC, that owns the 72-megawatt (MW) onshore wind farm.

Comprising 26 GE wind turbines, the Krnovo wind farm is powering approximately 45,000 households. It also displaces an estimated 80,000 tons of carbon emissions annually.

2017
December 2017

Nova Chemicals announced the acquisition of the largest petrochemicals facilities in the United States, the Geismar, Louisiana olefins plant for AED 7.7 billion (US $2.1 billion), marking a major entry into the US market.

December 2017

Nova Chemicals formed a US $1.5 billion joint venture with Total and Borealis to build a 1 million metric ton per annum, ethane steam cracker in Port Arthur, Texas.

December 2017

Physicians at Cleveland Clinic Abu Dhabi, part of Mubadala’s healthcare network and the region’s leading heart care center, created history by successfully completing the United Arab Emirates’ first full heart transplant.

November 2017

Masdar inaugurated its third wind farm in the UK ― the Dudgeon Offshore Windfarm ― bringing the combined power generating capacity of all three projects to 1 gigawatt (GW) of clean energy, supplying nearly 1 million homes.

November 2017

Strata and Solvay signed agreement for UAE’s first aerospace materials Joint Venture to supply Boeing 777X with advanced composite materials

November 2017

Turbine Services Solutions announced the delivery of the first full-life 50,000 hour overhaul service on a Siemens Industrial Trent gas (SGT-A65TR) turbine at ADPIC 2017.

November 2017

Strata Manufacturing delivered inboard flaps to Airbus. Strata Manufacturing completed the delivery of its first set of A350-900 inboard flaps to Airbus.

September 2017

Mubadala made its first strategic investment in Lonza – the global market leader in advanced biologics manufacturing. This investment positions Mubadala at the cutting-edge pharma and medtech.

August 2017

Imperial College London Diabetes Centre’s new Zayed Sports City branch records 13,000+ parient visits for H1 2017.

August 2017

Mubadala sold 85 million shares worth 4.18 billion dirhams (US $1.139 billion) in Advanced Micro Devices (AMD). Mubadala remains the largest shareholder.

JUNE 2017

Mubadala completed the sale of a 40% stake in Tabreed to ENGIE, a worldwide energy leader for AED 2.8 billion. Mubadala remains the largest shareholder of the Abu Dhabi based district cooling utility company.

MAY 2017

EGA produced a record 2.6 million tons of cast metal in 2017, exceeding 2016’s production and making EGA the third largest producer of primary aluminum outside China.

MAY 2017

Cepsa obtained 5 EPDs for its products making it the world leader in the LAB sector. Annually Cepsa produces 600,000 tons of LAB, the main raw material used to make biodegradable detergents.

MAY 2017

Cepsa and ADNOC signed a project development agreement for the world-scale Linear Alkyl Benzene (LAB) facility in Ruwais, Abu Dhabi.

MAY 2017

US $15 billion commitment by Mubadala to the US $100 billion SoftBank Vision Fund, a major technology and innovation-focused vehicle which will enable us to gain further exposure in the technology sector.

MAY 2017

Mubadala Investment Company was officially launched following the merger of Mubadala Development Company and International Petroleum Investment Company. The new company has around US $125bn (AED 459bn) in total assets, and was formed following a royal decree by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, who issued a law to create one of the largest state-owned investment funds in the world.

APRIL 2017

EGA opened its first office in China and continues to make progress on its 12-million-ton bauxite export mine in Guinea.

APRIL 2017

Mubadala Petroleum received approval for the development of the CRD oil and gas field offshore Vietnam, which will be operated by Repsol.

APRIL 2017

Ardian ―  the French world-class private investment company ― confirmed it would commit up to AED 9.1 billion to private equity funds managed by Mubadala Capital.

MARCH 2017

GLOBALFOUNDRIES ramped up its most technologically advanced facility at Malta, upstate New York, delivering 14nm technology to some of the largest fabless players in the industry at best-in-class product yields.

FEBRUARY 2017

GLOBALFOUNDRIES expanded its global manufacturing footprint by further investing in the US, Germany, Singapore and expanding to Chengdu, China.

FEBRUARY 2017

Mubadala sponsored the Rio Open, that takes place in Rio De Janeiro, Brazil annually and is South America's largest tennis tournament as well as the first ATP World Tour 500 tournament in Brazilian history. This qualifies Rio Open as Rio's largest annual sporting event and one of the few ATP 500 clay court tournaments in the world.

FEBRUARY 2017

40 GE GEnx engines repaired and overhauled by Turbine Services & Solutions for regional and global airline customers.

JANUARY 2017

Cleveland Clinic Abu Dhabi in collaboration with Healthpoint performed the first pediatric glaucoma procedure in Abu Dhabi, marking the beginning of a new era in ophthalmologic healthcare for the children of the nation.