The Creation of the Mubadala Investment Company

The U.S.-U.A.E. Business Council is pleased to present a report on the creation of the Mubadala Investment Company.

On 29 June 2016, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the U.A.E. Armed Forces, and Chairman of the Abu Dhabi Executive Council, issued a resolution initiating the merger of two of Abu Dhabi’s leading government-owned investment entities – the International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala). Set to begin operations by May 2017, this new institution will be a global champion for economic growth in Abu Dhabi and the U.A.E.

This report examines the histories of Mubadala and IPIC and the rationale for their merger. It also discusses the structure of the newly created Mubadala Investment Company and its leadership. Finally, it highlights some implications of this merger for both of the legacy institutions.

As always, the Business Council stands ready to help its member companies better understand the commercial climate in the Emirates so as to make informed decisions in pursuit of their long-term business objectives.