Mubadala Investment Company, Abu Dhabi’s second-largest state fund, officially inaugurated its Beijing office this week, signalling warmer relations between China and the Gulf Arab states. This comes amidst the expanding bilateral relations between the two regions, particularly in infrastructure, technology, and finance. Although Mubadala began operations in China a few years ago, the official opening was delayed due to COVID-19 restrictions. The 10-member Beijing team will focus on direct and fund investments in China, including entities like JD Industrials, Hasten Biopharmaceutic, and Shein. Mubadala’s top executives, Khaldoon Al Mubarak and Waleed Al Mokarrab Al Muhairi, were present at the event, alongside prominent Chinese private equity investors like Lei Zhang of Hillhouse and Neil Shen of Sequoia China.
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