Updated February 28th, 2024 at 13:49 IST

Abu Dhabi's Mubadala to invest more in US; increased China allocation

Mubadala was scaling to participate in the long-term growth of large, dynamic markets in Asia

Reported by: Business Desk
Abu Dhabi's Mubadala to invest more in US; increased China allocation | Image:YouTube Screengrab
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Investment opportunities: Abu Dhabi sovereign wealth fund Mubadala Investment Co plans to invest more in the United States and has increased its long-term allocations for Asia, including China, its Managing Director, Khaldoon Al Mubarak, said on Wednesday.

"We plan to invest more in the US market and deepen strategic and forward-looking investment products in the UK, Europe, France," he told an investor conference in Abu Dhabi.

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He also mentioned that Mubadala was scaling to participate in the long-term growth of large, dynamic markets in Asia, which Mubarak said was in line with a focus on megatrends and global demographics.

"We've increased our long-term allocations for Asia, including Japan, China, Korea and, of course, India," he added.

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This move is indicative of Mubadala's ambition to diversify its investment portfolio across a broad spectrum of geographies and sectors.

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Published February 28th, 2024 at 13:49 IST