The
Mubadala Development Company is a state owned company of the
Abu DhabiAbu Dhabi is the capital of, and the second largest city in the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western coast...
government in the
United Arab EmiratesThe United Arab Emirates is a federation of seven emirates situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The UAE consists of seven states, termed emirates, which are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras...
. Mubadala is practically the investment vehicle of the Abu Dhabi government, According to its website, its main activities are:
- Acquisition of new companies and strategical holdings in existing companies
- Diversified Investments
- Strategic partnership
Currently Mubadala has invested in the
energyIn physics, energy is a scalar physical quantity that describes the amount of work that can be performed by a force, an attribute of objects and systems that is subject to a conservation law...
,
telecommunicationTelecommunication is transmission over a distance for the purpose of communication. In earlier times, this may have involved the use of smoke signals, drums, semaphore, flags or heliograph. In modern times, telecommunication typically involves the use of electronic devices such as the telephone,...
,
aerospaceAerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...
, automotives, healthcare,
real estateReal estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location.
"Real estate" The American Heritage Dictionary of the English Language, Fourth Edition. Houghton Mifflin...
and ship building sectors.
- Acquisitions Unit
- Aerospace & Technology Unit
- Abu Dhabi Aircraft Technologies (100%) - Formerly Gulf Aircraft Maintenance Company(GAMCO) http://www.adat.ae
- Piaggio Aero
Piaggio Aero Industries is an aircraft manufacturing company born from the former Rinaldo Piaggio SPA, an Italian company. The company is one of the world's oldest airplane manufacturers, and its planes have been well known from the early days of aviation history. Piaggio Aero is composed of two...
(35%)
- Ferrari
Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1928 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles in 1947 as Ferrari S.p.A....
(5%)
- du (telco)
The Emirates Integrated Telecommunications Company , branded trade name du is a telecommunications company in the in the United Arab Emirates. Although Emirates Integrated Telecommunications Company is its legal name, it was commercially rebranded as du in February 2006...
(20%)
- Injazat Data Systems - which is a joint venture between EDS
HP Enterprise Services, is a global business and technology services company, previously known as Electronic Data Systems , headquartered in Plano, Texas that defined the outsourcing business when it was established in 1962 by Ross Perot...
and Mubadala.
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The
Mubadala Development Company is a state owned company of the
Abu DhabiAbu Dhabi is the capital of, and the second largest city in the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western coast...
government in the
United Arab EmiratesThe United Arab Emirates is a federation of seven emirates situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The UAE consists of seven states, termed emirates, which are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras...
. Mubadala is practically the investment vehicle of the Abu Dhabi government, According to its website, its main activities are:
- Acquisition of new companies and strategical holdings in existing companies
- Diversified Investments
- Strategic partnership
Currently Mubadala has invested in the
energyIn physics, energy is a scalar physical quantity that describes the amount of work that can be performed by a force, an attribute of objects and systems that is subject to a conservation law...
,
telecommunicationTelecommunication is transmission over a distance for the purpose of communication. In earlier times, this may have involved the use of smoke signals, drums, semaphore, flags or heliograph. In modern times, telecommunication typically involves the use of electronic devices such as the telephone,...
,
aerospaceAerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...
, automotives, healthcare,
real estateReal estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location.
"Real estate" The American Heritage Dictionary of the English Language, Fourth Edition. Houghton Mifflin...
and ship building sectors.
The Operations Group
- Acquisitions Unit
- Aerospace & Technology Unit
- Abu Dhabi Aircraft Technologies (100%) - Formerly Gulf Aircraft Maintenance Company(GAMCO) http://www.adat.ae
- Piaggio Aero
Piaggio Aero Industries is an aircraft manufacturing company born from the former Rinaldo Piaggio SPA, an Italian company. The company is one of the world's oldest airplane manufacturers, and its planes have been well known from the early days of aviation history. Piaggio Aero is composed of two...
(35%)
- Ferrari
Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1928 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles in 1947 as Ferrari S.p.A....
(5%)
- du (telco)
The Emirates Integrated Telecommunications Company , branded trade name du is a telecommunications company in the in the United Arab Emirates. Although Emirates Integrated Telecommunications Company is its legal name, it was commercially rebranded as du in February 2006...
(20%)
- Injazat Data Systems - which is a joint venture between EDS
HP Enterprise Services, is a global business and technology services company, previously known as Electronic Data Systems , headquartered in Plano, Texas that defined the outsourcing business when it was established in 1962 by Ross Perot...
and Mubadala. Its purpose is to provide IT and business process outsourcing (BPO) services in the United Arab Emirates, Qatar and Oman to the government, oil and gas, utilities, financial services, transportation, telecom and healthcare sectors. (60%)
- SR Technics MRO supplier based in Switzerland
Switzerland , officially the Swiss Confederation , is a federal republic consisting of 26 states named cantons, with Bern as the seat of the federal authorities...
. (70%)
- Horizon International Flight Academy
- YahSat (Satellite
In the context of spaceflight, a satellite is an object which has been placed into orbit by human endeavor. Such objects are sometimes called artificial satellites to distinguish them from natural satellites such as the Moon....
providing clients in MENAThe term MENA, for "Middle East and North Africa", is an acronym often used in academic and business writing. The term generally covers an extensive region, extending from Morocco in northwest Africa to Iran in southwest Asia...
, EuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural River, the Caspian Sea, the Caucasus Mountains , and the Black Sea to the southeast...
and South East Asia with telecommunication services) - 100%
- Energy & Industry Unit
- Liwa Energy
Liwa is a chemicals and petroleum company in Liwa, United Arab Emirates. The company's headquarters is in Abu Dhabi.-History:"Liwa" first began operating as a petroleum company in 1939. Due in part to the area's large petroleum sources, the company was able to grow locally...
- Oil exploration in Libya and Oman
- Emirates Aluminium
- Abu Dhabi Future Energy or Masdar - Development and research of new technologies that will support the use of future alternative energy
Alternative energy is an umbrella term that refers to any source of usable energy intended to replace fuel sources without the undesired consequences of the replaced fuels...
and also preserving environmental sustainability (100%)
- Pearl Energy - Oil exploration in Southeast Asia
- Healthcare Unit
- Cleveland Clinic
The Cleveland Clinic is a multispecialty academic medical center located in Cleveland, Ohio, United States...
(Abu Dhabi branch) opening in 2010 (100%)
- Abu Dhabi Knee and Sports Medicine Center (100%)
- Imperial College London
Imperial College London is a British university in London specialising in science, engineering, medicine and business....
Diabetic Centre (100%)
- Infrastructures Unit
- Abu Dhabi Terminals (100%) - Operation of Port Zayed in Abu Dhabi. Abu Dhabi Terminals is managed by DP World through an agreement
- UAE University
United Arab Emirates University was established in 1976, and is the oldest of the three government-sponsored institutions of higher learning in the United Arab Emirates compared to the Higher Colleges of Technology and Zayed University...
Management & Development - a concession with UAE university in which Mubadala and other investors will own UAE university by providing the funds to construct their new campus in Al AinAl Ain is the fourth largest city in the United Arab Emirates . With a population of 374,000 , Al Ain is dubbed the Garden City of the UAE. It is located in Abu Dhabi, directly adjacent to the border with Oman...
, fitting it and expanding it. The new campus will be 280,000 square meters.
- Properties Development
- Abu Dhabi Financial Center
- Zayed Sport City
The Finances & Corporate Affairs Group
Handling the internal affairs of Mubadala by providing it with financial, legal and professional services.
The Investment Management Group
The investment management group no longer exists as a central standalone function at Mubadala, and its responsabilities have been dispersed to the individual units within the operations grou
http://www.mubadala.ae
Managingthe various investment portfolios of Mubadala:
- Advanced Micro Devices
Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Sunnyvale, California, that develops computer processors and related technologies for commercial and consumer markets...
(AMD) - 8%, bought for $622 million.
- ALDAR properties
Aldar Properties PJSC is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates...
- Property and real estateReal estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location.
"Real estate" The American Heritage Dictionary of the English Language, Fourth Edition. Houghton Mifflin...
development in Abu Dhabi. (7%)
- Abu Dhabi Ship Building - Construction and repair of military and commercials vessels.
- Carlyle Group
The Carlyle Group is a global private equity investment firm, based in Washington, D.C., with more than $84.5 billion of equity capital under management, diversified over 64 different funds as of March 31, 2009. The firm operates four fund families, focusing on leveraged buyouts, growth capital,...
- 7.5%, a private equity firm that invests in aerospace and high-tech businesses.
- Dolphin Energy
Dolphin Energy is a gas company of Abu Dhabi, United Arab Emirates. It was established in March 1999 by the Government of Abu Dhabi. As of today, Dolphin Energy is owned by Mubadala Development Company, on behalf of the Government of Abu Dhabi, , Total S.A...
- 51%
- Emirates Ship Investment Company or Eships - Previously known as the Combined Cargo UAE. It operates 9 cargo vessels which are used for dry bulk shipping, transportation of aggregates and transporting iron ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite , hematite , goethite, limonite or...
. (32.89%)
- Ferrari
Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1928 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles in 1947 as Ferrari S.p.A....
- In July 2005, Mubadala purchased a 5% stake in the world famous sport car manufacturer from MediobancaMediobanca is an Italian investment bank founded by Enrico Cuccia in 1946 to facilitate the post-World War II reconstruction of Italian industry.- History :...
. The deal costs €114 million.
- LeasePlan Corporation
LeasePlan consists of a growing international network of companies engaged in fleet and vehicle management services, mainly through operational leasing. LeasePlan employs around 6,200 people worldwide. In total, the company manages 1.4 million vehicles and a consolidated lease portfolio of EUR 14.2...
- Purchased a 25% stake in the Dutch car rental company for €2 billion from ABN AmroABN AMRO is a Dutch bank, currently owned by RFS Holdings B.V., a consortium of Royal Bank of Scotland Group, the Government of the Netherlands, and Banco Santander...
.
- National Central Cooling Company or Tabreed - This company provides district cooling to the entire UAE, with 13 cooling plants in Abu Dhabi, Dubai
Dubai is one of the seven emirates and the most populous state of the United Arab Emirates . It is located along the southern coast of the Persian Gulf on the Arabian Peninsula. The Dubai Municipality is sometimes called Dubai state to distinguish it from the emirate...
, Al AinAl Ain is the fourth largest city in the United Arab Emirates . With a population of 374,000 , Al Ain is dubbed the Garden City of the UAE. It is located in Abu Dhabi, directly adjacent to the border with Oman...
, FujairahFujairah is one of the seven emirates that make up the United Arab Emirates, and the only one on the Gulf of Oman in the country's east instead of Persian Gulf .-Geography:...
and Ras Al Khaimah. Total capacity is 87,000 of chilled cooling water. (5%)
- Oasis Leasing - A leasing company which provides aircraft leasing primarily and also ship leasing. Currently it owns 19 aircraft.
- Spyker Cars
Spyker Cars N.V. is a Dutch hand-built automobile manufacturer, not related to or controlled by the previous Spyker company that went bankrupt in 1929. The modern Spyker Cars only has the legal right to the brand name...
- Purchased a 17% stake in this Dutch sport car manufacturer.
- Tanqia - A company which provides waste water treatment and gathering in the Emirate of Fujairah
Fujairah is one of the seven emirates that make up the United Arab Emirates, and the only one on the Gulf of Oman in the country's east instead of Persian Gulf .-Geography:...
.
SR Technics controversy in Ireland
In February 2009 Mubadalas SR Technics group decided to close their Irish Operation (based in Dublin) with the loss of 1,135 jobs. Controversy arose from the decision by SR Technics not to cover any shortfall in the pension scheme of the staff affected. Mubadala also offered the Irish staff one of the worst redundancy packages in Irish history (0.84 weeks pay per year of service). This was despite assurances to staff that during the transfer of undertaking from
FLS industries that all their conditions of employment would remain similar to that of
Aer LingusAer Lingus is the national flag carrier of Ireland. Headquartered at Dublin Airport, it operates a fleet of Airbus aircraft serving Europe and North America and northern Africa...
employees.
The Irish Minister for Foreign affairs instructed Irelands closest ambassador to the UAE to impress upon Mubadala the necessity to honour their commitments.
External links