United Arab Emirates and Mubadala Development Company, headquartered in Abu Dhabi, UAE, announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning. Building on an already strong relationship and a common view of high growth opportunities in the Middle East and globally, the agreement provides for shared capital commitments to new joint ventures and investment funds.
In addition, Mubadala also plans over time to become a long-term GE shareholder. The expectation is that Mubadala will become one of GE
