February 23, 2026
Methodology About Newsletter
WE THE UAE 2031
The Vanderbilt Terminal for the UAE's National Transformation
INDEPENDENT GLOBAL INTELLIGENCE FOR THE UNITED ARAB EMIRATES
UAE GDP: AED 2.03T ▲ 5.7% | Non-Oil GDP Share: 84.3% ▼ -5.2pp | FDI Inflows: $45.6B ▲ 48.7% | GDP Growth: 4.0% ▲ -0.3pp vs 2023 | Inflation: 1.7% ▼ +0.0pp vs 2023 | Female Participation: 55.1% ▲ +0.6pp vs 2023 | Population: 11.0M ▲ 4.8% | Emiratisation Rate: 12.5% ▲ 2.1pp | Global Competitiveness: #7 ▲ 3 places | Clean Energy Capacity: 7.2 GW ▲ 18.4% | ADX Index: 9,842 ▲ 4.7% | DFM Index: 4,621 ▲ 6.2% | UAE GDP: AED 2.03T ▲ 5.7% | Non-Oil GDP Share: 84.3% ▼ -5.2pp | FDI Inflows: $45.6B ▲ 48.7% | GDP Growth: 4.0% ▲ -0.3pp vs 2023 | Inflation: 1.7% ▼ +0.0pp vs 2023 | Female Participation: 55.1% ▲ +0.6pp vs 2023 | Population: 11.0M ▲ 4.8% | Emiratisation Rate: 12.5% ▲ 2.1pp | Global Competitiveness: #7 ▲ 3 places | Clean Energy Capacity: 7.2 GW ▲ 18.4% | ADX Index: 9,842 ▲ 4.7% | DFM Index: 4,621 ▲ 6.2% |

Definition

Mubadala Investment Company is a sovereign wealth fund wholly owned by the Government of Abu Dhabi. Unlike purely financial sovereign investors, Mubadala combines strategic and commercial mandates, actively building businesses and partnering with global leaders to develop industries that diversify Abu Dhabi’s economy. The company invests across technology, aerospace, energy, healthcare, real estate, and financial services with operations spanning more than 50 countries.

UAE Context

Mubadala was formed in its current configuration through the 2017 merger of Mubadala Development Company and the International Petroleum Investment Company (IPIC). This consolidation created one of the world’s most active sovereign investors with approximately USD 300 billion in assets under management. Domestically, Mubadala has been instrumental in building Abu Dhabi’s technology and industrial base through investments including GlobalFoundries (semiconductor manufacturing), Strata Manufacturing (aerospace composites), and Cleveland Clinic Abu Dhabi (healthcare). Internationally, the fund holds significant stakes in major technology companies and venture capital portfolios.

Key Data

  • Founded: 2002 (current form since 2017 merger)
  • Estimated AUM: Approximately USD 300 billion
  • Portfolio countries: Operations in 50+ countries
  • Key domestic assets: Masdar, GlobalFoundries, Strata, Cleveland Clinic Abu Dhabi
  • Technology investments: Stakes in major global tech firms and venture capital funds
  • Headquarters: Abu Dhabi

Significance for Vision 2031

Mubadala is arguably the most direct investment vehicle for realizing the UAE’s Vision 2031 objectives. Its dual mandate of financial returns and strategic national development means it actively builds the industries the UAE needs for economic diversification. Mubadala’s investments in semiconductors, renewable energy through Masdar, advanced technology, and healthcare infrastructure are creating the non-oil economic pillars that Vision 2031 envisions as the foundation of the UAE’s future prosperity.

  • ADIA - Abu Dhabi’s primarily international sovereign wealth fund
  • Masdar City - Mubadala’s flagship sustainable urban development
  • Sovereign Wealth Fund - The broader category of state-owned investors