Mubadala announces investment plans for 2011

11/04/2011 - Dubai Investment News Posted by Bob Brunskill
Mubadala announces investment plans for 2011

Mubadala, Abu Dhabi's investment vehicle, plans to invest around 60 billion dirhams in 2011, it has been confirmed.This is almost four times the average amount it deployed over the last three years.The unlisted investment group held investor roadshows in Abu Dhabi and Dubai on Sunday (April 10th)."The group currently anticipates that its capital and investment expenditure for 2011 is likely to be in the region of 60 billion dirhams," read the prospectus seen by Reuters.Mubadala confirmed that it has spent an average of 16.4 billion dirhams for the past three years.The prospectus added that a substantial portion of the anticipated capital and investment expenditure over the next four years should relate to its subsidiary Advanced Technology Investment Co, Mubadala GE Capital, the Masdar project, certain real estate developments and some public-private partnership projects.Abu Dhabi acts as the corporate headquarters of many companies and numerous multinational corporations.