Defence is not the first thing that springs to mind when it comes to Mubadala Development Company, the state-backed firm whose investments include high-profile stakes in AMD, the second-largest maker of computer processors, and Ferrari.
But the company, whose assets are estimated at US$10 billion (Dh36.7bn), is an emerging player in the defence services industry. While more widely known for its efforts in building aerospace, property and healthcare firms in the emirate, Mubadala already owns stakes in 10 firms doing work for the military in the UAE.
With names such as Yahsat, Injazat, and Horizon, Mubadala’s affiliates are straddling the intersection of the private and public sectors in Abu Dhabi, home to the Armed Forces. And after several years of supporting the military here, Mubadala is now positioning itself to seek contracts throughout the region.
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