Abu Dhabi Investment Fund Mubadala Eyes Colombia
According to this report in Semana (in English), the Abu Dhabi fund Mubadala is eyeing investment in Colombia. The $10Bn Abu Dhabi state investment promotion arm is looking in Colombia at the sectors which it considers its strengths: infrastructure, oil, energy, real estate, telecommunications, tourism and health. Mubadala has taken a $2.1Bn interest in Spain’s Indra, an 8% stake in micrprocessor maker AMD for $622M, a 7.5% stake in Carlyle Group for $1.35Bn, and interests in Rolls Royce and Ferrari, among others.
The Mubadala visit came after President Uribe and Minister of Foreign Trade and Investment Luis Guillermo Plata visited the United Arab Emirates in October, which in turn followed their meeting at the Davos World Economic Forum with Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi’s prince and president of Mubadala.