**Abu Dhabi**: Mubadala Investment Company’s assets under management surged 9.1% to AED 1.2 trillion in 2024, driven by a 34% rise in technology, private credit, and manufacturing investments. The fund’s international exposure, particularly in AI and North America, underpins Abu Dhabi’s wider economic diversification ambitions.
Mubadala Investment Company’s Strategic Growth Amid Diversification Efforts
Mubadala Investment Company’s recent financial report reveals a robust performance, with assets under management increasing by 9.1% in 2024, reaching AED 1.2 trillion (approximately $326.74 billion). This surge is attributed to a marked uptick in strategic investments across technology, manufacturing, and private credit sectors. As Abu Dhabi’s second-largest sovereign wealth fund, Mubadala plays a pivotal role in shaping the emirate’s financial landscape, closely following the Abu Dhabi Investment Authority (ADIA). Together with ADIA and the Abu Dhabi Developmental Holding Company (ADQ), these entities manage a staggering combined total of $1.7 trillion in assets.
The fund’s aggressive expansion in investments is notable, as Mubadala deployed AED 119 billion (around $32.4 billion) in 2024—an impressive 33.7% increase from the previous year. This investment trajectory not only underscores Mubadala’s commitment to future-oriented sectors but also aligns with the United Arab Emirates’ broader strategic goal of economic diversification beyond oil. Over the past five years, the portfolio has reported a commendable annualized return of 10.1%.
Khaldoon Khalifa Al Mubarak, Mubadala’s Managing Director and Group CEO, remarked that “our portfolio is strategically built to withstand market fluctuations while focusing on future-oriented sectors.” This statement highlights the fund’s proactive approach in navigating the uncertainties of global markets, particularly those stemming from inflationary pressures and supply chain challenges.
Mubadala’s investment initiatives are closely aligned with national priorities, including significant allocations towards artificial intelligence, clean energy, and advanced manufacturing. The establishment of its AI-focused investment platform, MGX, in the previous year exemplifies this direction. Through MGX, Mubadala has forged partnerships with notable firms such as OpenAI and Elon Musk’s xAI, reinforcing its position as a pivotal collaborator in the fast-evolving tech ecosystem.
In addition to its burgeoning investments, Mubadala has reported a 10% increase in revenue from asset sales, amounting to AED 109 billion in 2024. The fund’s portfolio allocation remains consistent, with 40% in private equity, 23% in public markets, and 17% in infrastructure and real estate, reflecting a balanced approach to asset management.
Recent analyses indicate that Mubadala significantly escalated its international activities, particularly in North America, focusing on areas like private equity and artificial intelligence. The total investment allocations reached $29.2 billion—a nearly 67% rise from $17.5 billion in 2023. Such figures not only serve as a testament to Mubadala’s expansive reach but also highlight the UAE’s strategic pivot towards innovation-centric industries amid a fast-changing global economy.
By continuously diversifying its portfolio and enhancing its holdings in high-growth sectors, Mubadala is positioned as a formidable player in the global investment landscape, embodying Abu Dhabi’s vision for a sustainable and varied economic future.
Reference Map:
- Paragraph 1 – [[1]](https://www.fundsglobalmena.com/mubadalas-assets-surge-to-327bn-as-tech-and-ai-investments-drive-growth/), [[2]](https://www.ft.com/content/007541e5-74cf-4e70-911f-fea444994886)
- Paragraph 2 – [[1]](https://www.fundsglobalmena.com/mubadalas-assets-surge-to-327bn-as-tech-and-ai-investments-drive-growth/), [[4]](https://economymiddleeast.com/news/abu-dhabis-mubadala-rises-as-leading-global-sovereign-investor-in-2024/)
- Paragraph 3 – [[1]](https://www.fundsglobalmena.com/mubadalas-assets-surge-to-327bn-as-tech-and-ai-investments-drive-growth/), [[2]](https://www.ft.com/content/007541e5-74cf-4e70-911f-fea444994886), [[3]](https://www.mubadala.com/en/news/mubadala-investment-company-reports-2023-financial-results)
- Paragraph 4 – [[1]](https://www.fundsglobalmena.com/mubadalas-assets-surge-to-327bn-as-tech-and-ai-investments-drive-growth/), [[4]](https://economymiddleeast.com/news/abu-dhabis-mubadala-rises-as-leading-global-sovereign-investor-in-2024/)
- Paragraph 5 – [[4]](https://economymiddleeast.com/news/abu-dhabis-mubadala-rises-as-leading-global-sovereign-investor-in-2024/), [[6]](https://www.vccircle.com/mubadalas-fy24-assets-under-management-top-300-bn)
Source: Noah Wire Services
- https://www.fundsglobalmena.com/mubadalas-assets-surge-to-327bn-as-tech-and-ai-investments-drive-growth/ – Please view link – unable to able to access data
- https://www.ft.com/content/007541e5-74cf-4e70-911f-fea444994886 – In 2024, Mubadala, Abu Dhabi’s second-largest sovereign wealth fund, significantly increased its investments by 34%, reaching Dh119 billion ($32.4 billion), up from Dh89 billion the prior year. This growth was driven by heightened activity in North America, private equity, and artificial intelligence (AI). Mubadala’s assets under management rose 9% to Dh1.2 trillion, with a five-year annualized return of 10.1%. The fund, worth $330 billion, focused on future-oriented sectors such as AI, clean energy, life sciences, semiconductors, and advanced manufacturing, aligning with national strategic goals.
- https://www.mubadala.com/en/news/mubadala-investment-company-reports-2023-financial-results – Mubadala Investment Company, an Abu Dhabi sovereign investor, has released its 2023 financial results for the Group. In a year marked by persistent global inflation and sporadic disruptions to supply chains, Mubadala grew its portfolio with assets under management (AUM) reaching more than AED 1.1 trillion. In line with its strategy of focusing on innovation-centric industries, Mubadala deployed AED 89 billion into a range of sectors shaping the future, including artificial intelligence, technology, digital infrastructure, life sciences, and clean energy, while growing its private credit business.
- https://economymiddleeast.com/news/abu-dhabis-mubadala-rises-as-leading-global-sovereign-investor-in-2024/ – Mubadala, on behalf of the Abu Dhabi government, is key to diversifying the emirate’s revenue sources beyond oil. In 2024, Mubadala and its subsidiaries allocated $29.2 billion, a notable increase from $17.5 billion in 2023, as detailed in the annual report from industry expert Global SWF. These investments spanned 52 deals, reflecting a 67 percent rise compared to the prior year. The Abu Dhabi-based SWF continues to expand across regions and industries, supported by subsidiaries such as Abu Dhabi Investment Council, Mubadala Capital, and MGX.
- https://www.arabianbusiness.com/money/sovereign-wealth/mubadala-assets-reach-299bn-after-9-45-increase – Mubadala Investment Company, an Abu Dhabi sovereign investor, has released its 2023 financial results for the Group. Mubadala grew its portfolio with assets under management (AUM) reaching more than AED 1.1 trillion ($302 billion), compared to more than AED 1.01 trillion ($275 billion) in 2022. It represents an increase of 9.45 percent, in a year marked by persistent global inflation and sporadic disruptions to supply chains. In line with its strategy of focusing on innovation-centric industries, Mubadala deployed AED 89 billion ($24 billion) into a range of sectors shaping the future, including artificial intelligence, technology, digital infrastructure, life sciences, and clean energy, while growing its private credit business.
- https://www.vccircle.com/mubadalas-fy24-assets-under-management-top-300-bn – Mubadala’s FY24 assets under management top $300 bn. Abu Dhabi sovereign wealth fund Mubadala’s assets under management rose 9.5% last year to 1.11 trillion dirhams ($302.2 billion), it reported on Friday. Mubadala Investment Company is the second-biggest state fund in Abu Dhabi, the capital of the United Arab Emirates (UAE), behind Abu Dhabi Investment Authority (ADIA). “Mubadala built on its role as a global investor through opportunistic capital deployment in North America, Asia and Europe in sectors key to regional growth,” the state fund said in a statement.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative mentions recent financial data from 2024, indicating it is relatively current. However, there is no specific date mentioned for the report’s release.
Quotes check
Score:
9
Notes:
The quote from Khaldoon Khalifa Al Mubarak appears to be original to this context. Without a specific online source for the quote, it is difficult to determine if it has been previously reported.
Source reliability
Score:
7
Notes:
The specific source of the narrative is not a well-known major publication, which reduces the immediacy of reliability without additional context or corroboration.
Plausability check
Score:
8
Notes:
The claims about Mubadala’s investments and growth are plausible given current economic trends and strategic goals in the UAE. However, specific details may require further verification.
Overall assessment
Verdict (FAIL, OPEN, PASS): OPEN
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
While the narrative provides plausible and seemingly current information about Mubadala’s growth, the reliability of the source and the freshness of some details are not fully verified, making it difficult to render a definitive verdict.
