India becomes increasingly vital to Abu Dhabi’s Mubadala amid global fragmentation
Mubadala Investment Company is ramping up interest in India as the world’s most populous country strengthens trade ties to Abu Dhabi.
Mubadala Investment Company, the Abu Dhabi fund, views India as a crucial player in the emerging global landscape. As global fragmentation becomes the "new normal" for the next five to 15 years, Deputy Group CEO Waleed Al Muhairi emphasized this conviction during the Bloomberg New Economy Forum in New Delhi. The $385 billion fund is incorporating India into its investment choices, recognizing the country's vast market and a massive infrastructure program driving significant investments.
Currently, Asia-Pacific constitutes only 13% of Mubadala's portfolio, whereas North America accounts for 44%. However, the UAE-India relationship is already strong, with trade reaching $100 billion for the second consecutive year in the past 12 months. Both nations are aiming to double this figure by 2032.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
