Mubadala Investment Company, established after the merger of Mubadala Development Company and International Petroleum Investment Company, began operations on Monday with a new logo purporting a welcome to the employees.
The new entity is expected to accelerate Abu Dhabi’s economic diversification as it is active in 13 business sectors in more than 30 countries globally.
The company has four investment platforms - petroleum and petrochemicals, alternative investments and infrastructure, technology, manufacturing and mining, and aerospace, information and communications technology, renewable energy and the management of diverse financial holdings.
According to Mubadala, the work includes the development of global industrial champions in sectors such as aerospace, ICT, semi-conductors, metals & mining and renewable energy, and the management of diverse financial holdings.
Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director of Mubadala Investment Company, addressed employees at an internal event on Monday to mark the first day of operations for the new company in Abu Dhabi.