Mubadala Development Company


Mubadala Development Company
Mubadala Development Company
شركة مبادلة للتنمية
Type Joint stock company (Government owned)
Industry Diversified Investments
Founded October 2002
Headquarters Abu Dhabi, United Arab Emirates
Key people HH Sheikh Mohammed bin Zayed Al Nahyan, Chairman
Khaldoon Khalifa Al Mubarak, CEO and Managing Director
Revenue increase US$ 4.343 billion (2010)
Net income decrease US$ 0.307 billion (2010)
Total assets increase US$ 27.622 billion (2010)
Total equity increase US$ 16.910 billion (2010)
Employees 700 (2011)
Website http://www.mubadala.ae

Mubadala Development Company PJSC (Mubadala) was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the Government of Abu Dhabi, in the United Arab Emirates.

Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. The company pursues opportunities with the potential to deliver strong social returns for Abu Dhabi as well as generating a commercial profit.[1]

Contents

Sectors

Mubadala currently has nine business units operating in a diverse range of strategic sectors deemed important for the Emirate’s economy.[2]

Aerospace

Mubadala Aerospace aims to establish Abu Dhabi as a global aerospace hub, a cornerstone of the Emirate’s economic diversification strategy, through long-term, capital intensive investments. The integrated approach to the aerospace sector encompasses comprehensive manufacturing through to Maintenance Repair Overhaul (MRO) services. Mubadala has entered into collaboration agreements with global aerospace and aviation companies to build a high tech, end-to-end technology and manufacturing base.[3]

Assets

  • Sanad
  • STRATA
  • Advanced Military Maintenance Repair and Overhaul Centre (AMMROC)
  • Abu Dhabi Aircraft Technologies (ADAT)
  • Horizon International Flight Academy
  • SR Technics
  • Piaggio Aero SpA

Partners

  • EADS/Airbus
  • FACC
  • GE

Capital

Mubadala Capital serves as the primary vehicle for the company’s financial investing activities. Their investment strategy is based on value investing principles. The company invests throughout the capital structure in a diversified portfolio of global public and private securities by capitalizing on market dislocations. The unit manages a number of existing Mubadala investments including public market investments in AMD and GE, along with private investments in the Carlyle Group and the Related Companies. They also manage Mubadala’s fund investment activities.[4]

Assets

  • GE
  • Advanced Micro Devices (AMD)
  • The Carlyle Group
  • Mubadala Infrastructure Partners

Energy

Mubadala Energy builds on Abu Dhabi’s heritage in oil and gas to pursue opportunities that will meet the Emirate's current and future energy demands. The primary focus is on upstream oil and gas opportunities. The company has expanded in regions including MENA, Central and South East Asia and the Caspian Sea. Mubadala is also active in R&D in the renewable energy sector and in developing technologies that will facilitate the commercialization and widespread adoption of alternative energy sources.[5]

Assets

  • Nursultan Block (N Block)
  • Dolphin Energy
  • Masdar
  • Petrofac Emirates
  • PSN Emirates
  • Libya (Block 103)
  • Mukhaizna (Block 53)
  • Habiba (Block 62)
  • Karawan (Block 54)
  • Pearl Energy
  • Tatweer Petroleum

Healthcare

Mubadala Healthcare is playing an important role in the creation of a private healthcare sector for the Emirate. They do so by establishing long-term partnerships with international medical institutions to build sustainable businesses, create regional capability, and stimulate the overall development of the sector. Their first priority has been to address the region’s most pressing healthcare needs through the creation of specialist patient care facilities and ancillary services.[6]

Assets

  • Abu Dhabi Knee & Sports Medicine Centre (ADKSMC)
  • Arzanah Wellness & Diagnostic Centre
  • Imperial College London Diabetes Centre (ICLDC)
  • Cleveland Clinic Abu Dhabi
  • Minhaal
  • Tawam Molecular Imaging Centre, Al Ain
  • National Reference Laboratory
  • Wooridul Spine Centre

Industry

Mubadala Industry pursues investment and development opportunities in those capital, energy or intellectual property-intensive sectors that can contribute to the wider diversification of Abu Dhabi’s economy. They invest in the upstream and mid-stream metals and mining industry, with the objective of facilitating the creation of a cluster of metals-related businesses in Abu Dhabi. The company is also supporting a growing requirement regionally for the provision of utilities and support services.[7]

Assets

  • Azaliya
  • Al Rusail Independent Power
  • Barka 2 Independent Water & Power Project
  • Hadjret En Nous Independent Power Project
  • Guinea Alumina Corporation
  • Tanqia Waste Water System
  • Tabreed (National Central Cooling Company PJSC)
  • Emirates Aluminium (EMAL)

Information & Communications Technology

Mubadala Information & Communications Technology (ICT) invests in and develops a portfolio of global ICT assets to bring industry-leading facilities to the region. They have structured themselves to develop new projects, while managing existing assets in the three core areas of IT and technology, telecoms and satellite communications. The company’s goal is to establish a world-class cluster of ICT businesses in Abu Dhabi, creating employment opportunities and bringing expertise and knowledge to a sector that has been identified as important to the Emirate’s economic diversification.[8]

Assets

  • du - Emirates Integrated Communications
  • Etisalat Nigeria
  • Injazat Data Systems
  • Prodea Systems
  • Al Yah Satellite Communications Company (Yahsat)

Infrastructure

Mubadala Infrastructure is helping to deliver the supporting infrastructure essential to the economic transformation of the Emirate of Abu Dhabi. They achieve this by entering into Public Private Partnerships (PPPs) and by working with global partners. They finance, build, own and operate state-of-the-art facilities in the United Arab Emirates, with major assets that include the UAE University, Paris-Sorbonne University, New York University and Tawam Hospital. Their initiatives also allow for third party investment in other areas of infrastructure, such as transportation.[9]

Assets

  • Paris-Sorbonne University Abu Dhabi
  • UAE University
  • Zayed University, Abu Dhabi

Real Estate & Hospitality

Mubadala Real Estate & Hospitality (MREH) develops strategic commercial, residential and leisure districts that are central to Abu Dhabi’s long term development plans. These major projects are part of the Government’s Plan Capital 2030. Key developments include Arzanah, a 1.4 million square meter residential and mixed-use community development; Sowwah Island, the heart of Abu Dhabi’s new Central Business District; and the Mina Zayed Waterfront, a mixed-use leisure and entertainment district.[10]

Assets

  • Sowwah Island
  • Sowwah Square
  • Rosewood Abu Dhabi
  • Four Seasons Hotel Abu Dhabi at Sowwah Island
  • Viceroy Abu Dhabi
  • Mina Zayed
  • Medini, Nusajaya, Malaysia
  • Viceroy Maldives

Partners

  • Capitala
  • John Buck International
  • Viceroy Hotel Group
  • PF Emirates

Services Ventures

Mubadala Services Ventures develops and manages business in service-based industries which advance and support the diversification of the Abu Dhabi economy. They focus on financial services and leasing; defense (non-aerospace); maritime transportation; and integrated logistics.[11]

Assets

  • Abu Dhabi Finance
  • Abu Dhabi Terminals
  • Agility Abu Dhabi
  • Al Taif Technical Services
  • Emirates Ship Investment Company (Eships)
  • Dunia Finance
  • LeasePlan Emirates

Board of Directors

HH Sheikh Mohammed bin Zayed Al Nahyan - Chairman

Mohammed Ahmed Al Bowardi - Vice-Chairman

Hamad Al Hurr Al Suwaidi - Member

Nasser Ahmed Khalifa Alsowaidi - Member

Abdulhamid Mohammed Saeed - Member

Mahmoud Ibrahim Al Mahmoud - Member

Khaldoon Khalifa Al Mubarak - CEO and Managing Director

Senior Management

Homaid Al Shemmari - Executive Director, Mubadala Aerospace

Hani Barhoush - Executive Director, Mubadala Capital; Executive Director, Mergers & Acquisitions

Maurizio La Noce - Executive Director, Mubadala Energy; Chief Executive Officer, Mubadala Oil & Gas

Suhail Mahmood Al Ansari - Executive Director, Mubadala Healthcare

Ahmed Yahia Al Idrissi - Executive Director, Mubadala Industry

Jassem Mohamed Al Zaabi - Executive Director, Mubadala Information & Communications Technology

Ali Eid Al Mehairi - Executive Director, Mubadala Infrastructure; Executive Director, Mubadala Real Estate & Hospitality

Laurent Depolla - Executive Director, Mubadala Services Ventures

Derek Rozycki - Executive Director, Structured Finance & Capital Markets

References

External links


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