Targeting the life sciences sector and developing healthcare capabilities
Mubadala invests 4 billion dirhams in the United Kingdom
Al-Mubarak (left) during the signing of a long-term investment agreement with the UK investment office.
From the source
Mubadala Investment Company announced yesterday that it has signed a long-term investment agreement with the UK Investment Office, noting that investments will be concentrated in the life sciences sector and developing healthcare capabilities in the UAE and the UK.
The company said in a statement that the agreement extends to five years, as Mubadala will invest 800 million pounds (four billion dirhams), in addition to 200 million pounds (one billion dirhams), previously allocated by the United Kingdom, during the past year.
Khaldoon Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer of the Group at Mubadala Investment Company, said: “There is agreement between (Mubadala) and the UK Investment Office regarding the concerted global efforts to take care of the most important sectors at the present time, such as the healthcare sector, climate change, and the sustainable growth of industries that It requires high competencies and skills ».
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