Mubadala Investment Company founded on January, 21, 2017 by law issued by the President Sheik Khalifa bin Zayed Al Nahyan. The company is the mother of IPIC ( International Petroleum Investment Company ) and Mubadala Development Company. It is an investor owned by the government of the United Arab Emirates with the vision, scale and expertise to make a global impact. It manages 125bio$ in assetts. The sector the company invests include aerospace, ICT, semiconductors, metals & mining, renewable energy and utilities, and the management of diverse financial holdings, also it has different companies in the hydrocarbon spectrum .
In 1984 IPIC, the International Petroleum Investment Company, was founded with a capital of 1bioUS$ to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. The company is responsible for all affairs rerlated to the oil business. The company is controlled by the Supreme Petroleum council of Abu Dhabi and is worth 5bio US$ now.
Mubadala Development was founded in 2002 to diversify the investments. With the law from January 21, 2017 IPIC and Mubadala Development Company merged in Mubadala Investment Company.
AT Kearney consults Mubadala on options like assett sales and mergers. The assets include chemical makers Borealis and Nova Chemicals Corp, as well as Japanese refining firm Cosmo Oil Co..
With the merging of the two companies Mubadala Investment is active in 13 sectors and more than 30 countries around the world, creating lasting value.
IPIC’s 24.9% stake in OMV, one of Austria’s largest listed companies, brings with it refining knowledge and technology, greater exposure to the hydrocarbon value chain and a platform to expand into Central and Eastern Europe.
In 2004 OMV buys a 50% stake in Petrom, the largest corporation in Romania and the largest oil and gas producer in Southeast Europe, marking IPIC’s first entry into the Eastern European market.
With a joint venture between the Government of Pakistan (60%) and IPIC (40%), PARCO has the most modern refinery in Pakistan with a capacity of 100k barrels per day, significantly enhancing Pakistan’s economic growth.
IPIC acquires a 64% stake in Borealis, one of the world’s largest producers of polyolefin – a polymer produced from oil and natural gas. Borealis in turn creates the Abu Dhabi-based petrochemical company, Borouge, a groundbreaking joint venture with ADNOC that brings key production capabilities to the UAE.
In one of its first efforts to create synergies across its international portfolio, IPIC extends OMV’s expertise into Pakistan through PARCO.
Developed and owned by IPIC, the Abu Dhabi Crude Oil Pipeline (ADCOP) is a 48-inch diameter onshore pipeline that transports 1.5 million barrels per day of crude oil – around half of the UAE’s total production.
IPIC and Orascom Construction partner with the Egyptian Government to develop a 2,000-3,000 megawatt coal-fire power plant in Egypt.
IPIC makes a strategic acquisition in petrochemicals company, Nova Chemicals; today, the company is ranked among North America’s leading producers of plastics and chemicals, and since joining the IPIC portfolio has increased ten-fold in value.
One of the largest energy investments in the Gulf region, Dolphin Energy is established as a joint venture between Mubadala, Occidental Petroleum and Total to produce and transport gas from Qatar’s North Field to the UAE and Oman. Dolphin now meets approximately 30% of the UAE’s energy requirements.
Tabreed is established to deliver sustainable, energy-efficient and cost-effective cooling services to millions of people across the GCC. Mubadala is a long-term strategic shareholder in Tabreed.
Injazat Data Systems is founded to provide market-leading IT solutions, including data center hosting and managed services; it goes on to become the only Tier IV data center in the region. This means a data center with redundant capacity components. All components are fully fault-tolerant including uplinks, storage, chillers, HVAC systems, servers etc. Everything is dual-powered.
Imperial College London Diabetes Centre opened in Abu Dhabi in 2006 as the first healthcare facility established by Mubadala Development Company, in partnership with Imperial College London.
Imperial College London is ranked as one of the world’s leading scientific, engineering, and medical research and teaching institutions, and through this partnership, has enabled clinical collaboration and knowledge transfer locally in Abu Dhabi.
In 2008 Mubadala and GE establish a global partnership that includes R&D, clean energy, aviation, industry and corporate learning initiatives, as well as utilizes GE’s global learning network.
A 50/50 joint venture between IPIC and Qatar Holdings (a subsidiary of QIA), QADIC is established in Doha as a diversified global investment company with committed capital of US $2 billion. QADIC focuses on mid-market investment opportunities across a broad range of sectors.
Mubadala increases its stake in Advanced Micro Devices, a US-based semiconductor company that designs and integrates technologies for intelligent devices to 19.3%.
IPIC has 98,32% of Aabar.
Aabar Investments, a daughter of IPIC, acquires the private banking business of AIG and rebrands as Falcon Private Bank, with a focus on providing wealth management solutions to high net worth clients in the Middle East and Europe. Today Aabar Investments has assetts in Italy‘s Uni Credit.
Today Aabar Properties has more than 26 projects in the UAE alone has stakes in Companies like Virgin Galactic, a company focused on developing spacecraft that will provide suborbital flights to space tourists, Al Taweelah, Abu Dhabi, today one of the world’s largest single-site primary aluminium producers, RHB Bank, which operates over 330 branches in ten countries, Strata Manufacturing, which delivers high quality component aircraft products for original equipment manufacturers..
Masdar City, the green tech city, a project of the UAE, is also a project of Mubadala Development Company. The city will cost an amount of 22bio US$. If it is finished about 45,000 people will live there without waste, cars and CO².
Mubadala Investment Company now considers investments in Saudi Arabia. In Saudi Arabia the king will hand over the political power to his crown prince Muhamed bin Salman, who met with Jared Kushner, Stephen Schwarzman und Larry Fink in recent years. It is announced that Mubadala will hold a US $2.2 billion stake in BP on behalf of the Abu Dhabi Government. And with Al Yah Satellite Communications Company (Yahsat) Mubadala has a door to the space business open. Yahsat’s target is to develop customised satellite solutions for the government as well as the commercial sector in the Middle East, Africa, Europe, Central and South West Asia. Yahsat will launch it’s third satellite by the end of 2017.
The economy of Saudi Arabia is in a difficult situation. With the plan „Vision 2030“ published the government of Saudi Arabia, that it will implement value added tax, and will supress subsidies of water and energy. Saud Arabia will increase education and health care. IMF warns Saudi arabia with the worst economy growth for years. This could lead to sentiment loss of investors. The recent rate of unemployment of Saudi Arabia is 9.3%.
Neverthless the USA startet talks about future investments. And Saudi Arabia knows that it has to change it’s system. With Mohamed bin Salman Saudi Arabia has a new leader who wants a new more open and moderate Saudi Arabia and will allow foreign investments in selected companies.
But if Saudi Arabia wants to launch foreign investors money into the country it must take care about political stability in the gulf region. Now Saudi Arabia has problems with Iran, Syria, Irak, Qatar and Lebanon. Saudi Arabia is a stable partner of the USA. But it has to act with courtesy to avoid military action.
In it‘s „Vision 2030“ plans Saudi Arabia to diversify the economy. Last year the revenue of the non-oil sector increased by 30% yty. Saudi Aramco will be transformed to a leading company in other sectors than the oil sector. The Public Investment Fund will be transformed into the largest sovereign wealth fund globaly. Private investment will be allowed in the future. If Saudi Arabia and the gulf states can restructure their industry and society successfully and the economy can find traction investments in this region can be very attractiv.