Established in 2002 and chaired by the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohammed Bin Zayed, the global investment firm is committed to deploying capital to develop and fast-track Abu Dhabi’s economic growth. The idea behind Mubadala Investment Company is to set up a progressive governmental firm to grow Abu Dhabi’s infrastructure. It first came from the late Sheikh Zayed bin Sultan Al Nahyan, who set up the International Petroleum Investment Company (IPIC) in the 1980s to channel the capital’s newfound oil resources. Mubadala is also known for creating and sponsoring the annual tennis tournament in the capital.
It operates over 50 businesses in more than 50 countries around the globe in sectors including aerospace, metals and mining, renewable energy and utilities, management of financial holdings, healthcare, real estate and defence services. In the field of sports, it sponsors the celebrated annual tennis tournament in the UAE capital. The value of the company’s total assets is a whopping $225bn. In January 2019, it announced its acquisition of Amana Healthcare through its healthcare subsidiary.
An international shift to train skills towards digitisation is needed, urgently
The Abu Dhabi-based US-accredited company is a provider of long-term care, specialised rehabilitation and home healthcare services. Its real estate investment portfolio includes the Four Seasons Abu Dhabi, Al Maryah Island, Viceroy Hotel Group and Zayed Sports City among others. It also owns composite aero-structures manufacturing facility Strata Manufacturing, which joined forces with UAE-based DGWorld (Digi Robotics Technologies) in January 2019 to implement a robotics system in its manufacturing processes. The agreement will enable it to automate the company’s operations assembly unit, including drilling, reaming and countersinking, which are an important part in the production of aircraft components.