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DUBAI: Mubadala moves to a new phase of investment

A decade after making its first forays into the sector, Mubadala – the $8.6 billion-turnover state investment vehicle through which Abu Dhabi is using its oil revenues to diversify its economy – is moving to a new stage in terms of its aerospace portfolio. After almost 10 years of spending big on overseas acquisitions or shareholdings as well as domestic start-ups, the strategy, says Badr Al-Olama, the newly appointed head of Mubadala’s aerospace sector, is now one of steady investment in fast-maturing businesses.

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