عربي

Annual Report 2010

Chairman's Message

Consistent with the vision of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates and Ruler of Abu Dhabi, the delivery of sustainable financial returns to meet the future needs of Abu Dhabi and its people is the main objective of investment companies owned by the Government of Abu Dhabi.

By virtue of its many groundbreaking projects and high-profile international partnerships, few companies fulfill that responsibility in a more visible and economically transformative way than Mubadala.

During 2010, we have witnessed the growing impact of the organization’s many commercial initiatives both within the UAE and in an increasing number of international markets. The financial performance of the company’s investments, subsidiaries, and joint ventures was strong, while a number of projects contributed significantly to the diversification and development of the local economy.

As its shareholder, the Government of Abu Dhabi highly values Mubadala for both its economic significance and commercial integrity, and expects the scale and diversity of its operations to continue to grow in the future. Benefiting from the patient support of its shareholder, Mubadala has always enjoyed a rare competitive advantage in its ability to take a long-term perspective when evaluating and harnessing opportunities. This approach will continue to serve the company well in the years ahead. While the scale of the organization’s international operations continues to increase, the Government of Abu Dhabi’s ongoing commitment to economic development and diversification at home still represents the greatest single source of opportunity for Mubadala, and the company remains well positioned to capitalize on that potential.

I would like to thank the board members, the executive leadership and employees of Mubadala for their hard work during the last year and wish each of them ongoing success in the year ahead.

Mohamed bin Zayed Al Nahyan
Crown Prince of Abu Dhabi,
Chairman of Mubadala Development Company