Mubadala sets up tech hub in Abu Dhabi with SoftBank | Financial Times:
Mubadala, an Abu Dhabi sovereign wealth fund, is building on its relationship with SoftBank to attract some of the world’s most valuable start-ups to a new technology hub in the capital of the United Arab Emirates.
Mubadala Ventures, the tech arm of the $225bn fund, will unveil plans for the new hub on Sunday, including a partnership with Microsoft, according to people familiar with the situation.
It is in talks with companies including Improbable, Oyo, Plenty, SenseTime and WeWork, all of which have raised money from SoftBank’s Vision Fund, to set up offices in the Abu Dhabi hub.
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