Mubadala commits 44% of portfolio to US interests
Mubadala is committing $170 billion, or roughly 44 per cent of its portfolio, to US interests, with investments across AI, semiconductors, health care, energy and advanced manufacturing, the Abu Dhabi sovereign wealth fund said on Monday. “That scale is proof of our confidence in the long-term strength of the American economy,” Ahmed Saeed Al Calily, chief strategy and risk officer for Mubadala ,…
Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, has committed 44% of its $170 billion portfolio to US interests, as reported by The National UAE. This significant investment allocation, spanning various sectors including AI, semiconductors, healthcare, energy, and advanced manufacturing, underscores the fund's confidence in the long-term strength of the American economy.
Mubadala CEO Ahmed Saeed Al Calily made these remarks at a business dialogue hosted by the Milken Institute during the Mubadala DC Open. The fund's commitment to the American market is further demonstrated by its 80+ direct investments in the US, such as GlobalFoundries, a semiconductor manufacturer, and its stake in the Rio Grande LNG project.
This move comes amid the UAE's commitment to its $1.4 trillion investment framework with the US, despite the uncertainties surrounding the Iran war.
Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
