Mubadala, MBZ Fund to protect endangered species

ABU DHABI: In line with Earth Day, Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has announced a three-year partnership with the Mohamed Bin Zayed Species Conservation Fund ( MBZ Fund) to support conservation initiatives around the world.

Through the partnership, Mubadala will provide the MBZ Fund with $1.5 million annually to be directed towards supporting endangered flora and fauna in Africa and Asia, with a focus on countries where Mubadala has porfolio companies including Guinea, Indonesia, Thailand, and more, representing some of the world’s biodiversity hotspots. This will also be the first agreement of its kind in the region where corporate and conservation donor entities are collaborating to invest in preventing biodiversity loss.

Razan Khalifa Al Mubarak, Managing Director of the MBZ Fund, commented: “The importance of biodiversity conservation is a priority for countries across the globe, and we are excited to enter this strategic partnership with Mubadala to tackle this issue. With this agreement, we are retaining and restoring endangered species globally, thereby underscoring the importance of the private sector in protecting our ecosystems and paving the way for a beter future for the next generations.

This strategic relationship will also contribute to positioning Abu Dhabi regionally and globally as a leader in combining corporate and conservation funding to make a tangible difference worldwide.”