By: Ramy Sameeh
Abu Dhabi-Mubasher: Abu Dhabi state-owned fund Mubadala views the decline in oil prices as a good growth opportunity, said the company’s CEO Homaid Al Shemmari.
As long as oil prices remain low, we will continue to inject investments into the solar and wind energy markets, according to Al Shemmari.
“Our aviation business will also capitalise on cheap oil,” he added, stating that Mubadala looks forward to entering partnerships with global companies like Boeing and Airbus.
“The UAE has been bracing for such difficulties several years ago, and we have experienced a similar oil crisis back in 2008,” the CEO concluded.
Translated by: Julian Nabil
