Another state-owned corporation, Abu Dhabi Investment Authority (ADIA), had been investing additional oil sales outside of the county for more than 30 years, and the intensely secretive organization had amassed assets worth an astonishing--and still rapidly growing--$500 billion to $900 billion.
Mubadala Forging Development in Abu Dhabi Case Study Solution
A common refrain maintained that Abu Dhabi nationals could live off of the yields generated by ADIA forever. Some consequently referred to the emirate as "the most affluent city on the planet." Yet Al Mubarak, Mubadala, and trusted advisor to the crown prince Mohamed bin Zayed Al Nahayan were charged with transforming the market of the emirate. Many were worried that Abu Dhabi was in danger of suffering from the so called "resource curse," as its economy focused on fossil fuels and little else. Not only would Abu Dhabi's economy continue to be subjected to the vagaries of world energy costs, there would be little for its citizens to do. Not everyone could work for ADIA or ADNOC. Not everyone was from one of the smattering of families that are incredibly wealthy of Abu Dhabi. Abu Dhabi needed change, to be a developed nation. Fortune had played perhaps too large a job.
PUBLICATION DATE: November 28, 2007 PRODUCT #: 708033-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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