Mubadala

Our history

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 50 countries globally, continuing the vision of our founding father.

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.

Our contribution to a diversified economy

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2019
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2017
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2016
2016
2015
1999
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2019
May 2019

Mubadala Aerospace's Turbine Services & Solutions (TS&S), the leading Maintenance Repair and Overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, unveiled a new identity for its MRO business.

April 2019

Abu Dhabi Global Market, becomes home to a newly established US $1 billion fund, Abu Dhabi Catalyst Partners.

The Fund seeks to realize commercial returns by partnering with top tier and up-and-coming investment firms and industry-leading businesses and professionals who will benefit from building a meaningful and sustainable presence in Abu Dhabi.

April 2019

EGA, Mubadala and Dubal came together to setup new AED 1 billion state-of-the-art power block in Dubai with the aim to save costs and reducing environmental emissions.

March 2019

Masdar received the prestigious Dubai Award for Sustainable Transport (DAST) in the Mobility Management category for its initiatives to promote walking and cycling at Masdar City.

March 2019

Mubadala invests US $130 million in Equinox Gold.

The proceeds will be dedicated to refinance a portion of its existing corporate and project debt, for general and working capital purposes and toward construction of Phase 1 of its Castle Mountain gold mine in California.

March 2019

Abu Dhabi invests over AED 1bn to drive tech transformation through Hub71.

As an active investor, Mubadala has a strong track record of deploying capital and building partnerships in the tech sector all over the world.

Hub71 provides a platform for us to bring together our global networks, investment experience and strategic expertise so that early and growing tech companies who are ready to scale up, can do so successfully within this region.

February 2019

OMV to establish a Refining and Trade Hub in Abu Dhabi.

February 2019

Virgin Galactic makes space for second time in ten weeks with three on board.

JANUARY 2019

ADCB, Union National Bank and Al Hilal Bank announced merger plans to create a powerful UAE banking group.

JANUARY 2019

Amana Healthcare acquisition brings long-term care to the Gulf, providing long-term care, specialized rehabilitation, and home healthcare services.

JANUARY 2019

Cepsa & ADNOC awarded first contract for the development of the world-scale LAB project in Ruwais Derivatives Park.

2018
December 2018

Yahsat successfully launches high-speed satellite broadband services in Brazil.

December 2018

Virgin Galactic reached space successfully on its first spaceflight crewed vehicle built for commercial and passenger service with two astronaut pilots onboard.

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.

November 2018

Through a long term partnership between Injazat and the Ministry of Interior, Hassantuk Alarm Transmission Equipment (ARC) was inaugurated providing state-of-the-art Alarm Transmission Equipment connected to building fire and life safety systems ensuring that any emergency or building maintenance alarms are transmitted within milliseconds.

October 2018

Mubadala Utilities and the Federal Electricity and Water Authority (FEWA) signed a Joint Development Agreement and formed a consortium to co-develop Seawater Reverse Osmosis Desalination Plants in the Northern Emirates.

The objective of the collaboration is to meet the growing water demand in the United Arab Emirates (UAE) through utilizing an efficient water generation system.

September 2018

Mubadala Petroleum enters the Russian market through a joint venture with the Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and Gazprom Neft aimed to develop oil fields in Tomsk and Omsk regions of Western Siberia.

The project marks Mubadala Petroleum's first investment in the Russian oil and gas sector.

September 2018

Mubadala opens an office in San Francisco, its first office in the U.S. for its Venture Capital business overseeing early growth investments and managing the SoftBank Vision Fund investments. 

August 2018

Mubadala invested in Outset Medical, a Silicon Valley-based medtech company delivering first-of-its-kind technology into the growing US $15 billion global dialysis market.

August 2018

Yahsat completed the acquisition of the UAE's first home grown satellite operator, Thuraya, set to significantly expand Yahsat's current satellite solutions portfolio on both commercial and government fronts.

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.

July 2018

Multidisciplinary teams of surgeons at Cleveland Clinic
Abu Dhabi performed multiple transplant surgeries from a deceased donor on the same day, including the UAE's first double-lung transplant.

June 2018

Mubadala together with AMEERA Capital Management LLC – the current owners of Andromeda Group - 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

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

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.

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

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.

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

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

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.

May 2018

Mubadala Investment Company together with its partners in China committed US $1 billion towards 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

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

Mubadala sold its 60 percent stake in EMI Music Publishing to Sony for US $4.75 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

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.

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 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

Mubadala signed an MoU with the South Korean Semiconductor Association to expand commercial ties 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

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.

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 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.

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

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

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

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

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

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.

January 2018

Mubadala signed a 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

Cepsa and Masdar signed an Memorandum of Understanding (MoU) to explore renewable energy projects, with a special focus on wind and solar.

2017
March 2017

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

March 2017

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

2016

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

2015

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

1999

Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries.

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