Mubadala Investment signs 2 economic agreements with France

By Arya M Nair, Intern Reporter
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Mubadala
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Abu Dhabi-based sovereign investor, Mubadala Investment Company, signed two agreements aimed at facilitating investments in sectors of mutual priority and interest in France, during French President Mr. Emmanuel Macron’s official state visit to the UAE.

It is part of comprehensive economic agreements valued at more than $17 billion signed between Emirati and French companies to strengthen the strategic investment partnership between the two nations.

The first agreement between Mubadala and Bpifrance, the French public investment bank, will see the co-investment partnerships between the two companies extended by an additional $4.5 billion to be invested over the next ten years, with each party committing $2.2 billion to the French Emirati Fund Partnership (“FEF Partnership”) and the Innovation Partnership.

The FEF Partnership has been awarded $3.6 billion to promote the development of French enterprises with proven growth potential, either directly or through investment funds. Meanwhile, $1.1 billion has been allocated to the Innovation Partnership, which focuses on investments in high-growth French technology companies and Venture Capital Funds.

Khaldoon Al Mubarak
Khaldoon Al Mubarak
MD and Group CEO Mubadala

“The strategic economic cooperation between the United Arab Emirates and the French Republic, as well as our history of successfully deploying capital alongside our partners in France, underpin these new agreements. The scale of these agreements reflects the significant opportunities we see in the French economy, which is entering a new era of innovation-led growth. Following today’s announcement, we will be able to accelerate our investments in the sectors rapidly emerging as the drivers of this growth.”

The second agreement, between Mubadala and the French Ministry of the Economy, Finance, and Recovery, provides a structure for Abu Dhabi government funds to potentially invest $1.6 billion in French funds. The agreement will include funds with exposure to all French economic sectors, including but not limited to energy, semiconductors, and space.

These agreements underscore Mubadala’s commitment to investing in France, where it has key partnerships with a number of organizations and entities.

Related: UAE inks $15bn worth deals for 80 French-made Rafale warplanes


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