CORRECTED-UAE's Mubadala to focus more on U.S., European markets: deputy CEO | Reuters:
"Abu Dhabi investment fund Mubadala Development Co plans to focus more on U.S. and European markets this year as those economies slowly recover, its deputy CEO said on Tuesday.
Mubadala, which has stakes in General Electric and private equity firm Carlyle, shifted some of its focus to emerging markets such as Brazil, Russia, China and Indonesia after the global financial crisis hit the United States and Europe.
"We are seeing 2014 as a time of significant growth for Mubadala's international portfolio as we move ahead our footprint in markets where we see long-term potential," Waleed al Muhairi told Reuters.
"We're of course looking at emerging markets, but also to markets like the U.S. and Europe in particular, as recession is being replaced by signs of recovery," he said without elaborating."
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