Mubadala boss signals Asia push

Abu Dhabi-based sovereign wealth fund (SWF) Mubadala intends to direct more of its investment towards Asia than the US and Europe, according to its chief executive.

Khaldoon Al Mubarak told a conference in London that while the US remains a key market, “the growth is in the east today”.

“It’s the big economies with big populations that are growing, and we didn’t have as much of a focus on those in the last 10 years. We have a lot more focus today. And we’re building up that capability,” he said in comments reported by Reuters.

Mubadala has already made several investments in Asia-based projects so far this year. In April, it participated in a funding round for the Indian Infrastructure Investment Trust.

It formed a Japanese property joint venture with the US asset manager Proprium Capital Partners in June and with Canada’s Manulife Investment Management.

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