• Patient investment strategies will weather difficult cyclical phases, H.E. Khaldoon Al Mubarak explains at the fourth edition of the Global Manufacturing and Industrialisation Summit (#GMIS2021)
  • Increasing investments in renewable energy is critical to overseeing energy transitions and advancing a sustainable future, H.E. Al Mubarak points out
  • The #GMIS2021 Summit is part of the six-day GMIS Week which will feature over 250 global speakers, including Heads of State, Prime Ministers, Ministers and CEOs of some of the largest organisations from November 22-27
  • His Excellency Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company
  • Dubai, United Arab Emirates: As the world begins to recover from the COVID-19 pandemic, investors must remain wary of expected inflation and spiking interest rates. That’s according to His Excellency Khaldoon Al Mubarak, Managing Director and Group CEO at Mubadala Investment Company, who addressed the fourth edition of the Global Manufacturing and Industrialisation Summit (#GMIS2021) today.

    Speaking during the ‘Investing in the Leading Edge of Innovation’ session at #GMIS2021, His Excellency Khaldoon Al Mubarak, elaborated on the investment themes of technology, life sciences and the energy transition, saying: “From a short-term perspective, there are challenges ahead with inflation creeping in and anticipated interest rate hikes, which will undoubtedly have implications.

    “But Mubadala’s approach is that of the long-term, patient investor with convictions and thematic views. This has helped us to weather through difficult cyclical periods that would have challenged others,” said H.E. Al Mubarak, who pointed to Mubadala’s investment in Masdar in 2006 and GlobalFoundries in 2009.

    H.E. Al Mubarak added that the Abu Dhabi Future Energy Company (Masdar) is now a global renewables player, with investments and assets across 33 countries, representing investments of over $20 billion (Dh73.4 billion) and nearly 11 gigawatts of renewable power generation.

    “Fifteen years ago, we had started investing in the renewable energy transition, before it became the popular subject it is today. We are now well-positioned in that sector, empowered with the ability to continue growing at scale,” H.E. Al Mubarak said.

    Commenting on the recent virtual summit between U.S. President Joe Biden and Chinese President Xi Jinping, Mubadala’s Chief Executive said: “The world wants and needs continued economic prosperity, and maintaining these open lines are in the best interest of stability.”

    “As a global trade and economic hub, the UAE has acted as the transiting point between the East and the West with substantial trade ties on both sides. Global stability is crucial, and only enhances our proposition in terms of trade, business and economic growth,” said H.E. Al Mubarak.

    On Mubadala’s strategic partnership with the semiconductor manufacturer GlobalFoundries, H.E. Al Mubarak said that Mubadala had invested in what was a “challenging and competitive” sector, but is now critical to global supply chains and every major future industry.

    Co-chaired by the UAE Ministry of Industry Advanced Technology and the United Nations Industrial Development Organization, #GMIS2021 will draw on key global leaders from government, business and civil society to discuss and debate how data and connectivity are shaping the future of the manufacturing sector while presenting opportunities for investments in technology, innovation and industrialisation. Under the theme ‘Rewiring Societies: Repurposing Digitalisation for Prosperity’, the Summit will organise panel discussions, plenary sessions and interactive workshops on topics such as dark factories vs smart factories, Government 5.0, Society 5.0, women in leadership and the UAE’s Operation 300bn strategy, which aims to expand the nation’s industrial sector and accelerate economic diversification over the next decade. 

    #GMIS2021 will be held during the six-day GMIS Week from November 22-27 at EXPO’s Dubai Exhibition Centre, featuring over 250 global speakers. The GMIS Week will include a Global Prosperity Conference run by the Mohammed bin Rashid Initiative for Global Prosperity and The Green Chain Conference, an Alternative & Renewable Energy Conference –– on November 24.

    The GMIS Week will also host country-focused conferences in partnership with the United Kingdom, Australia and Italy on November 24 & 25. Throughout the week, the Summit will run an exhibition to highlight the UAE government’s ‘Make it in the Emirates’ campaign, a first-of-its-kind initiative to encourage local and international investors, developers and innovators to benefit from the facilities and incentives offered by the country’s industrial sector.

    About GMIS:

    The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s (4IR) transformation of manufacturing to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organisation (UNIDO), GMIS is a global platform that presents stakeholders with an opportunity to shape the future of the manufacturing sector and contribute towards global good by advancing some of the United Nations Sustainable Development Goals.

    The first two editions of the Global Manufacturing and Industrialisation Summit were held in Abu Dhabi, United Arab Emirates in March 2017, and Yekaterinburg, Russia in July 2019, respectively, with each edition welcoming over 3,000 high-level delegates from over 40 countries. The third edition, GMIS2020, was held virtually in September 2020 and convened over 10,000 attendees and close to 100 thought-provoking leaders from governments, businesses, and civil society.

    #GMIS2021, the fourth edition of the Global Manufacturing and Industrialisation Summit, will be held once again in the United Arab Emirates from November 22 to 27, alongside EXPO Dubai, under the theme – Rewiring Societies: Repurposing Digitalisation for Prosperity.