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The capital management scale of Mubadala Investment Company will reach 1 in 2023.Pokerfordummies.11 trillion dirhams from the United Arab EmiratesPokerfordummiesThe 5-year rate of return will be raised to 10.3%, and the scale of asset management is planned to double in the next decade, focusing on key industries such as AI and digital infrastructure.
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Mubadala Investment Company 2023 report: the portfolio has a five-year return of 10.3%. Mubadala Investment Company, which has an important influence in the global scientific innovation field, released its 2023 annual report on Friday. The report shows the company's remarkable achievements in global investment, especially in areas such as artificial intelligence, which makes the company full of confidence in the rapid development in the next decade.
The size of assets has increased and the five-year return has improved significantly. Mr Mubadala says the five-year return on the company's portfolio rose to 10.3 per cent in 2023, compared with 8.5 per cent in 2022. By the end of the reporting period, the company's assets under management had risen to 1.11 trillion UAE dirhams, or about 2.18 trillion yuan or $302 billion.
Mubadala, the second-largest sovereign investment fund in the United Arab Emirates, has set a long-term goal of doubling the size of assets in the next decade. Instead of disclosing revenue or profit figures on an annual basis, the company chose to publish multi-year indicators, reflecting its commitment to long-term investments.
The portfolio structure remains stable, and the proportion of regional investment has been adjusted. According to the annual report, Mubadala's portfolio structure remained basically unchanged in 2023, with private equity accounting for 38%, public market stocks accounting for 25%, and real estate and infrastructure investment accounting for 16%. In terms of regional investment, Mubadala's investment in North America and Europe increased slightly, to 41 per cent and 16 per cent, respectively, while the share of investment in the Asia-Pacific region fell from 16 per cent to 12 per cent.
Focus areas include AI, digital infrastructure and life sciences as Mubadara's investment highlights over the past year, the company has focused on key areas such as artificial intelligence, digital infrastructure, life sciences and clean energy, with a total investment of 89 billion dirhams in these "shaping the future" industries in 2023.
Mubadala continues to make efforts in the field of innovation. Mubadala plays an important role in the economic transformation in the United Arab Emirates. The company's strategic core focuses on areas such as healthcare and space technology, promoting AI-led innovation. Among them, Space42 and M42, co-founded with Abu Dhabi technology investment group G42, and as a founding member of MGX, an artificial intelligence investment company in the United Arab Emirates, all reflect Mubadala's continued investment in innovation.
Diversified investment around the world Mubadala not only invests in the United Arab Emirates, but also has a wide range of global investment layout. Last year, the company made a number of high-profile investments in Europe and the United States, including Aligned, a US data center provider, GlobalConnect, a provider of data communications and data center services, and Fortress, an investment management company acquired from Softbank Corp.. In Asia, Mubadala's GE Core has built a $4 billion semiconductor plant in Singapore and co-invested in CoolIT Systems with KKR. In addition, Mubadala also found huge potential natural gas reserves in Indonesia that could be as high as 170 billion cubic meters.