Abu Dhabi Sovereign Fund To Invest In AI and Space Tech This Year

Abu Dhabi Sovereign Fund To Invest In AI and Space Tech This Year

Abu Dhabi’s Mubadala Investment Co. plans significant investments in artificial intelligence and space technology this year, prioritizing the United States.

Managing director Khaldoon Mubarak emphasized the shift from mere asset investment to fostering global progress at an investor conference in Abu Dhabi. They intend to deepen strategic investments in the UK, Europe, and France while expanding into healthcare, digital infrastructure, and financing, with an increased focus on Asia.

Mubadala, controlling $276 billion of assets, aims to drive progress by investing in solutions for global challenges, including dynamic markets in Asia. Despite not disclosing specific investment amounts, Mubarak emphasized increased long-term allocations for Asia, including Japan, China, Korea, and India.

Mubadala’s heightened focus on Asia implies confidence in the region’s economic resilience and investment potential. Mubarak clarified that investments are driven by opportunity rather than geopolitics, despite close UAE-China ties. However, concerns persist in Washington about Gulf-Chinese partnerships and the potential exposure of sensitive U.S. technology.

In partnership with Goldman Sachs, Mubadala announced a $1 billion private credit initiative focusing on the Asia Pacific, amidst efforts by the U.S. and its allies to counterbalance China’s regional influence. Mubadala’s strategic investments signal confidence in the future of global markets, particularly in Asia.