Mubadala Development, the strategic investment arm of the Abu Dhabi government, grew its total assets by 75 per cent to AED88.5 billion ($24.1 billion) in 2009.
Abu Dhabi’s (AED88.5) $24 billion strategic investment arm, Mubadala Development, reaped nearly twice as much revenue from portfolio companies in 2009 than in the previous year.
Setting its commercial finance joint venture with General Electric (GE) in stone last Sunday, the US$14.7 billion Mubadala Development of Abu Dhabi furthered its drive into investments designed to boost its home economy through knowledge transfer, from resources exploration and production and education, to the ultimate commodity hedge: a sustainable city founded in the desert. […]
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