Abu Dhabi: Abu Dhabi Investment Council will join Mubadala Investment Company and the value of the portfolio will be more than $200 billion.
In a tweet on Wednesday, His Highness Shaikh Mohammad bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces said “I applaud the restructuring of the Abu Dhabi Investment Council to become part of Mubadala Investment Company group. An investment vehicle of such scale will enhance the country’s competitive position.”
“We look forward to sustaining growth through a unified and integrated vision that builds on gains, spurs efforts and boosts our global competitiveness.”
Mubadala Investment Company was created last year with the merger of Mubadala Development Company and International Petroleum Investment Company (IPIC). Mubadala has total assets of more than $125 billion.
