Mubadala seeks significant global investment in AI and space technology

Mubadala Investment Company is open to making “significant” investments across key geographies and new economy sectors, as it looks to boost its footprint and build its portfolio of assets globally, Abu Dhabi’s sovereign investor has said.

Mubadala is expecting capital deployments across artificial intelligence and space technology, two of the hottest global sectors attracting significant investments, Khaldoon Al Mubarak, group chief executive and managing director of Mubadala, said.

It is also considering stepping up its involvement in energy technology, health care, digital infrastructure, software and financing, “sectors that are advancing due to the global exchange of ideas, knowledge and long-term capital”, he said. “Any investment venture would be based on the attractiveness of the opportunities that would be identified in the key markets we are focused on and not on geopolitical considerations,” Mr Al Mubarak said.

Mubadala is also planning to boost investment in the US market, while strengthening “strategic and forward-looking investment ties in the UK, Europe and France”, he said.

“Within Europe, we are scaling to participate in the longterm growth of large dynamic markets,” Mr Al Mubarak said.

Mubadala has increased its long-term allocations for Asia, including Japan, China, Korea and India, “in line with our focus on mega trends and global demographics”, he said.

Its moves come amid a rush by sovereign investors to tap into high-growth industries, which are key to driving future-focused economy. AI, long-used in various technology but gaining significant momentum with the advent of generative AI, is expected to be one of the hottest investment opportunities.

The space race, meanwhile, is also in full swing, with more countries pouring investment into exploration.

Mubadala has been active in boosting its portfolio in key markets.

This week, it teamed up with US banking major Goldman Sachs to sign a $1 billion partnership to invest in private credit opportunities in the Asia-Pacific region.

“The bottom line is that we want to see more prosperity, more co-operation and more projects worldwide,” Mr Al Mubarak said. “We know economic prosperity brings stability and human opportunity, which is urgently needed in our transforming world.”