Latest news with #Mubadala
Gulf Today
10 hours ago
- Business
- Gulf Today
Mubadala and ADPIC partner to explore strategic collaborations
Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of choice. These include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing models. The agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of Maysarah Mahmoud Eid, Director-General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform. Commenting on the collaboration, Maysarah Mahmoud Eid said, 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the Emirate's needs while contributing to its prosperity.' Khalifa Al Romaithi said, 'Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi. This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.' The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the Emirate's growth and solidifying its position as a dynamic hub for investment and development. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment. Meanwhile Mubadala, the Abu Dhabi sovereign investor, and Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa have completed the acquisition of a gas-fired power generation plant at the Talimarjan Power Complex in Uzbekistan. Mubadala and Taqa each hold a 40 per cent stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1 LLC. Both Taqa and Mubadala also hold a 40 per cent stake in the Talimarjan Operations & Maintenance LLC (O&M), which was established to operate the plant. Uzbekistan's JSC 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20 per cent stakes in both the project company and the O&M entity. This transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the Governments of Uzbekistan and the United Arab Emirates whereby Mubadala and Taqa will bring their global power sector expertise to the local power market in Uzbekistan. The 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to JSC 'National Electric Grid of Uzbekistan') for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic growth. Hammad Rahman, Head of Asia Pacific Infrastructure at Mubadala, said: 'Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of energy.' 'Uzbekistan is recording a significant growth in demand for power, and Mubadala looks forward to working with Taqa and our local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development.' Frank Possmeier, Chief Investment Officer, Generation at Taqa, said: 'Taqa is pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector. As a low carbon power and water champion, Taqa will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical sector. Our stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. Agencies
Arabian Post
3 days ago
- Business
- Arabian Post
Abu Dhabi Unveils Strategic Mubadala–ADPIC Alliance for Future‑Ready Infrastructure
Greenlogue/AP Mubadala Investment Company and the Abu Dhabi Projects and Infrastructure Centre have formalised a partnership designed to accelerate the emirate's infrastructure agenda. The agreement, inked during the opening of the Abu Dhabi Infrastructure Summit 2025, establishes a broad cooperation blueprint aimed at advancing key development projects. The accord commits both entities to conduct thorough feasibility studies and share knowledge to assess the viability of proposed ventures. It also includes mechanisms for crafting sustainable financing frameworks that align with Abu Dhabi's ambitious urban and economic growth targets. ADVERTISEMENT Maysarah Mahmoud Eid, Director‑General of ADPIC, emphasised that the partnership is set to deliver high‑quality, sustainable projects contributing to long‑term prosperity and meeting the emirate's evolving infrastructure demands. She stated, 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high‑quality projects that will promote economic growth and create lasting infrastructure developments.' Khalifa Al Romaithi, Executive Director of the UAE Real Estate platform at Mubadala, highlighted the initiative's focus on pioneering state‑of‑the‑art infrastructure. He described the collaboration as 'a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.' The framework is expected to underpin forward‑looking solutions and detailed project planning, reinforcing the emirate's reputation as an inviting destination for global investment and development. Abu Dhabi is targeting Dh47 billion worth of infrastructure deals with the private sector during the second half of 2025. That initiative complements Dh22 billion in public‑private partnership agreements already secured this year, covering nearly 619 projects under development. ADPIC's roadmap focuses on fast‑tracking delivery timelines—aiming to complete major infrastructure projects, including roads, schools and housing, within a three‑year span by 2026. Meanwhile, the long‑term investment outlook is ambitious. The emirate anticipates backing approximately Dh450 billion in infrastructure initiatives over the next five to ten years, predominantly through PPP arrangements to drive efficiency and diversify the economy. Global partners have already begun engaging in Abu Dhabi's infrastructure strategy. Representatives from the Turkish Contractors Association, including Fuat Kasimcan, noted significant opportunities for Turkish firms in areas such as hospitals, roads and utilities—spurred by the Comprehensive Economic Partnership Agreement between the UAE and Turkey. He remarked, 'There is really big potential for Turkish firms to take part in Abu Dhabi development under the PPP model … We really want to share our expertise.' The Mubadala–ADPIC agreement enhances this international momentum by adding depth to the emirate's approach to infrastructure planning and funding. Central to this is knowledge exchange—covering market trends, risk assessments, and technical standards. This complements sustainable finance efforts, aligning with global investment norms such as green bonds and blended financing. Experts suggest that this alliance mirrors broader global trends, where sovereign investors partner with government‑led infrastructure entities to strengthen public‑private collaboration and maximise project impact. Infrastructure consultancy GlobalData noted that such partnerships enhance transparency, risk-sharing and long-term viability—especially as nations pursue post‑pandemic economic resilience and net‑zero ambitions. As Abu Dhabi intensifies efforts to diversify its economy beyond hydrocarbons, infrastructure has taken centre stage—underpinning growth sectors like logistics, education, healthcare, and tourism. The Mubadala–ADPIC framework supports a holistic ecosystem by ensuring infrastructure projects are meticulously appraised, financed, and executed.
Zawya
3 days ago
- Business
- Zawya
Mubadala, ADPIC in deal to pioneer sustainable Abu Dhabi projects
Mubadala Investment Company, an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas. The deal features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of choice. These include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing models. The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the emirate's growth and solidifying its position as a dynamic hub for investment and development. The agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of Maysarah Mahmoud Eid, Director-General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The event supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment. Speaking on the occasion, Eid said: "Through this collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the emirate's needs while contributing to its prosperity." Al Romaithi said: "Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi." "This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities," he added.
Mid East Info
4 days ago
- Business
- Mid East Info
Mubadala and Abu Dhabi Projects and Infrastructure Centre Partner to Explore Strategic Collaborations - Middle East Business News and Information
On the sidelines of Abu Dhabi Infrastructure Summit ADIS 2025 June 2025, Abu Dhabi, UAE: Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of choice. These include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing models. The agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of HE. Eng. Maysarah Mahmoud Eid, Director General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform. Commenting on the collaboration, HE. Eng. Maysarah Mahmoud Eid, Director General, ADPIC said: 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the Emirate's needs while contributing to its prosperity.' Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform said: 'Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi. This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.' The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the Emirate's growth and solidifying its position as a dynamic hub for investment and development. The Abu Dhabi Infrastructure Summit (ADIS), hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment. About Mubadala Investment Company: Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's US$330 billion (AED 1,212 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. About Abu Dhabi Projects and Infrastructure Centre: Established in 2023, ADPIC's vision is to oversee and manage capital projects aimed at enhancing the quality of life for every resident in the Emirate of Abu Dhabi. This involves diverse projects such as housing, infrastructure, tourism, community facilities, and education. ADPIC's mandate includes managing contracts, reviewing, approving, planning, and designing capital projects. These are overseen by the Centre in close collaboration with relevant entities and stakeholders to ensure quality is maintained while also facilitating efficient project execution in alignment with Abu Dhabi's strategic goals. Throughout its operations, the Centre is committed to strengthening public-private partnerships and adopting global best practices in sustainability.
Al Etihad
4 days ago
- Business
- Al Etihad
Mubadala, Abu Dhabi Projects and Infrastructure Centre partner to explore strategic collaborations
17 June 2025 20:09 ABU DHABI (ALETIHAD)Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of Maysarah Mahmoud Eid, Director-General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments on the collaboration, Maysarah Mahmoud Eid said, 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the Emirate's needs while contributing to its prosperity.'Khalifa Al Romaithi said, 'Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi. This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.'The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the Emirate's growth and solidifying its position as a dynamic hub for investment and development. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment.
