Mubadala's first $8b investment fund deal with GE in '09 first quarter |
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ABU DHABI - Abu Dhabi's Mubadala Development Co.Mubadala Development Co.
will make its first deal under an $8 billion investment fund venture with General Electric Co. (GE)General Electric Co. (GE) early next year, an official said on Wednesday.
"The estimate for doing the first transaction is the first quarter," Waleed Al Mokarrab Al Muhairi, MubadalaMubadala's chief operating officer, told Zawya Dow Jones.
GEGE and MubadalaMubadala, in late July announced an agreement that involves allocating $4 billion each in equity for an investments targeting projects worldwide. "The fund will be global from day one," Al Muhairi said.
Mubadala Development Company (Mubadala)Mubadala Development Company (Mubadala) and General Electric (GE)General Electric (GE) in July agreed to set up a $8 billion joint venture commercial finance company to explore investment opportunities in infrastructure, real estate, leasing, and finance sectors in Mena region.
The new joint venture business initially will focus on investment opportunities generated through GE Capital's existing origination and servicing capacity with targeted assets in excess of $40 billion, once it is launched.
(By a staff reporter)
© Khaleej Times 2008
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| Company Name | Country | Industry |
| Qatari Diar Real Estate Investment Company | Qatar | Landlords and Developers |
| Mubadala Development Company | UAE | Investment Firms and Funds |
| Zuhair Fayez Partnership | Saudi Arabia | Construction and Design |
| ANC Holdings | UAE | Multi-line |
| Al Rajhi Investment Group | Saudi Arabia | Investment Firms and Funds |
| Nakheel | UAE | Landlords and Developers |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| International Petroleum Investment Company | UAE | Investment Firms and Funds |
| Emaar Properties | UAE | Landlords and Developers |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
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| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| QP - Al Shaheen Refinery | Qatar | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| WDEPC - Abu Qir Power Plant Expansion - Civil Works | Egypt | Power and Water |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1) | UAE | Real Estate |
| IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) | UAE | Oil and Gas |
| Abu Dhabi Municipality - Salam Street and Mina Road Development | UAE | Infrastructure |