Text size:

  • Small
  • Normal
  • Large
Emirates Airline was named in the top 10 first class cabins by therichest.com. Find out what position it came here.

Investment company's ever-widening reach

Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, announced profits of Dh1.1 billion (US$299.5 million) for last year as revenues grew by 22 per cent. The main contributors were energy, aerospace and infrastructure. Mubadala's key assets in those sectors, and some other businesses, are:

Strata

Strata is an aerostructures plant in Al Ain that opened last year and finished its first composite aircraft parts in September. Its first products were flap track fairings, structures that reduce drag on jetliners' wings, for Airbus A330s and A340s. The plant has contracts with Airbus, Alenia Aeronautica and FACC, and other major aircraft makers. A second phase of construction to expand the business is expected to begin next year.

Sanad

Sanad was launched last year to lease and manage spare parts and engines for aircraft. It is part of Mubadala's numerous aircraft maintenance ventures, which include SR Technics, a maintenance and repair outfit based in Zurich airport, and Abu Dhabi Aircraft Technologies, which services military and civilian aircraft. Mubadala also owns the Advanced Military Maintenance Repair and Overhaul Centre, a venture with the US company Sikorsky.

Paris-Sorbonne University

Mubadala is behind the new Abu Dhabi branch of one of France's most famous educational institutions on Al Reem Island, which comprises one of its core investments in infrastructure. The first phase was completed in 2009, and the second phase last August. Other investments in education infrastructure include a new UAE University campus in Al Ain and a branch of Zayed University in Abu Dhabi.

Dolphin Energy

Dolphin Energy operates the Gulf's only interstate gas pipeline and produces gas in Qatar. Along with Pearl Energy, which does exploration and production in South East Asia, Dolphin has been a major contributor to Mubadala's revenues in past years. Last year, energy companies contributed 38 per cent of revenues, down from 81 per cent in 2008.

Imperial College London

One of Mubadala's oldest healthcare assets, the Imperial College of London Diabetes Centre, opened in Abu Dhabi in 2006. Since then Mubadala has diversified its healthcare holdings, which now include the Abu Dhabi Knee & Sports Medicine Centre, the Arzanah Wellness & Diagnostic Centre and the Tawam Molecular Imaging Centre in Al Ain. A new branch of the Cleveland Clinic is due to open on Sowwah Island.

Emirates Aluminium

Emal, a joint venture with Dubai Aluminium, reached full production capacity last year and is a central asset in Mubadala's portfolio of industrial companies.

Stock holdings

Mubadala has substantial holdings in stocks locally and internationally. It is one of the biggest shareholders in General Electric, Advanced Micro Devices and the Carlyle Group. It owns large chunks of the property developer Aldar, and Tabreed, a district cooling company.

* Asa Fitch

Back to the top

More articles


Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 A sign points the way to an outdoor market popular with German visitors on the Polish side of the German-Polish border. Sean Gallup / Getty Images

In pictures: A decade since the European Union went east

May 1 will mark 10 years since the European Union expanded east, taking in countries like Poland, the Czech Republic and the Baltic states as new members. And though the border region between Germany and Poland is flourishing with trade and cultural exchange, the open border has also brought a sharp rise in crime.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National