Abu Dhabi is targeting a $25 billion increase in its gross domestic product by 2045, driven by the expanded role of Mubadala Investment Co. as a central engine of economic transformation. The sovereign wealth fund’s growing portfolio and strategic investments are key to diversifying the emirate’s economy beyond oil.
- Abu Dhabi aims to increase GDP by $25 billion by 2045
- Mubadala Investment Co oversees a portfolio exceeding $500 billion
- Mubadala contributed $14.3 billion to non-oil GDP growth over the past five years
- Recent $1.8 billion investment in an AI-driven manufacturing hub in Abu Dhabi
- 37% of Abu Dhabi’s non-oil GDP growth (2020–2024) linked to Mubadala projects
- Expected creation of over 120,000 new jobs by 2040 through Mubadala initiatives
Abu Dhabi has set a bold economic milestone: adding $25 billion to its gross domestic product by 2045, a target underscored by the strategic expansion of Mubadala Investment Co. as the emirate’s primary vehicle for long-term economic diversification. The fund, headquartered in Abu Dhabi’s central financial district, now oversees a portfolio valued at over $500 billion, with growing stakes in technology, healthcare, and renewable energy sectors. This shift reflects a broader national strategy to reduce reliance on hydrocarbon revenues and build a knowledge-based economy. Mubadala’s investments have already yielded measurable outcomes. In the past five years, the fund’s direct and indirect contributions to non-oil GDP have amounted to $14.3 billion, according to public disclosures. Its stakes in global firms such as Siemens Healthineers, G42, and the semiconductor company GLOBALFOUNDRIES demonstrate a concentrated effort to anchor high-growth industries within the UAE’s economic fabric. The fund’s recent $1.8 billion commitment to a new AI-powered manufacturing hub in Abu Dhabi further signals a pivot toward advanced industrialization. Market analysts note that Mubadala’s active role in shaping national economic policy positions it as a critical catalyst for private sector growth. The fund’s partnerships with international institutions—such as its $500 million joint venture with a European infrastructure firm—have unlocked additional capital inflows. These initiatives are expected to stimulate over 120,000 new jobs by 2040, significantly contributing to the emirate’s labor market transformation. The financial and operational scale of Mubadala’s operations is now central to Abu Dhabi’s long-term fiscal planning, with 37% of the emirate’s non-oil GDP growth between 2020 and 2024 attributed to Mubadala-led projects. As the 2045 target nears, the fund’s ability to sustain high-impact investments will be closely watched by investors, policymakers, and regional competitors alike.