Mubadala Development Company
شركة مبادلة للتنمية

File:Mubadala Logo.jpg
Type	Joint stock company (Government owned)
Industry	Diversified Investments
Founded	October 2002
Headquarters	Abu Dhabi, United Arab Emirates
Key people	HH Sheikh Mohammed bin Zayed Al Nahyan, Chairman Khaldoon Khalifa Al Mubarak, CEO and Managing Director
Revenue	US$7.59 billion (2011)
Net income	US$1.14billion (2011)
Total assets	US$ 48.19 billion (2011)
Total equity	US$ 28.97 billion (2011)
Employees	700 (2011)
Website	http://www.mubadala.ae

Mubadala Development Company PJSC (Mubadala) was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the Government of Abu Dhabi, in the United Arab Emirates.

Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. The company pursues opportunities with the potential to deliver strong social returns for Abu Dhabi as well as generating a commercial profit.^[1]

Sectors[link]

Mubadala currently has nine business units operating in a diverse range of strategic sectors deemed important for the Emirate’s economy.^[2]

Aerospace[link]

Mubadala Aerospace aims to establish Abu Dhabi as a global aerospace hub, a cornerstone of the Emirate’s economic diversification strategy, through long-term, capital intensive investments. The integrated approach to the aerospace sector encompasses comprehensive manufacturing through to Maintenance Repair Overhaul (MRO) services. Mubadala has entered into collaboration agreements with global aerospace and aviation companies to build a high tech, end-to-end technology and manufacturing base.^[3]

Assets

• Sanad
• STRATA^[4]
• Advanced Military Maintenance Repair and Overhaul Centre (AMMROC)
• Abu Dhabi Aircraft Technologies (ADAT)
• Horizon International Flight Academy
• SR Technics
• Piaggio Aero SpA

Partners

• EADS/Airbus
• FACC
• GE Engines^[5]
• Boeing^[6]
• IAE International Aero Engines^[7]
• Abu Dhabi Aviation^[8]

Capital[link]

Mubadala Capital serves as the primary vehicle for the company’s financial investing activities. Their investment strategy is based on value investing principles. The company invests throughout the capital structure in a diversified portfolio of global public and private securities by capitalizing on market dislocations. The unit manages a number of existing Mubadala investments including public market investments in AMD and GE, along with private investments in the Carlyle Group and the Related Companies. They also manage Mubadala’s fund investment activities.^[9]

Assets

• GE
• Advanced Micro Devices (AMD)
• The Carlyle Group
• Mubadala Infrastructure Partners

Energy[link]

Mubadala Energy builds on Abu Dhabi’s heritage in oil and gas to pursue opportunities that will meet the Emirate's current and future energy demands. The primary focus is on upstream oil and gas opportunities. The company has expanded in regions including MENA, Central and South East Asia and the Caspian Sea. Mubadala is also active in R&D in the renewable energy sector and in developing technologies that will facilitate the commercialization and widespread adoption of alternative energy sources.^[10]

Assets

• Nursultan Block (N Block)
• Dolphin Energy
• Masdar
• Petrofac Emirates
• PSN Emirates
• Libya (Block 103)
• Mukhaizna (Block 53)
• Habiba (Block 62)
• Karawan (Block 54)
• Pearl Energy
• Tatweer Petroleum

Healthcare[link]

Mubadala Healthcare is playing an important role in the creation of a private healthcare sector for the Emirate. They do so by establishing long-term partnerships with international medical institutions to build sustainable businesses, create regional capability, and stimulate the overall development of the sector. Their first priority has been to address the region’s most pressing healthcare needs through the creation of specialist patient care facilities and ancillary services.^[11]

Assets

• Abu Dhabi Knee & Sports Medicine Centre (ADKSMC)
• Arzanah Wellness & Diagnostic Centre
• Imperial College London Diabetes Centre (ICLDC)
• Cleveland Clinic Abu Dhabi
• Minhaal
• Tawam Molecular Imaging Centre, Al Ain
• National Reference Laboratory
• Wooridul Spine Centre

Industry[link]

Mubadala Industry pursues investment and development opportunities in those capital, energy or intellectual property-intensive sectors that can contribute to the wider diversification of Abu Dhabi’s economy. They invest in the upstream and mid-stream metals and mining industry, with the objective of facilitating the creation of a cluster of metals-related businesses in Abu Dhabi. The company is also supporting a growing requirement regionally for the provision of utilities and support services.^[12]

Assets

• Azaliya
• Al Rusail Independent Power
• Barka 2 Independent Water & Power Project
• Hadjret En Nous Independent Power Project
• Guinea Alumina Corporation
• Tanqia Waste Water System
• Tabreed (National Central Cooling Company PJSC)
• Emirates Aluminium (EMAL)

Information & Communications Technology[link]

Mubadala Information & Communications Technology (ICT) invests in and develops a portfolio of global ICT assets to bring industry-leading facilities to the region. They have structured themselves to develop new projects, while managing existing assets in the three core areas of IT and technology, telecoms and satellite communications. The company’s goal is to establish a world-class cluster of ICT businesses in Abu Dhabi, creating employment opportunities and bringing expertise and knowledge to a sector that has been identified as important to the Emirate’s economic diversification.^[13]

Assets

• du - Emirates Integrated Communications
• Etisalat Nigeria
• Injazat Data Systems
• Prodea Systems
• Al Yah Satellite Communications Company (Yahsat)

Infrastructure[link]

Mubadala Infrastructure is helping to deliver the supporting infrastructure essential to the economic transformation of the Emirate of Abu Dhabi. They achieve this by entering into Public Private Partnerships (PPPs) and by working with global partners. They finance, build, own and operate state-of-the-art facilities in the United Arab Emirates, with major assets that include the UAE University, Paris-Sorbonne University, New York University and Tawam Hospital. Their initiatives also allow for third party investment in other areas of infrastructure, such as transportation.^[14]

Assets

• Paris-Sorbonne University Abu Dhabi
• UAE University
• Zayed University, Abu Dhabi

Real Estate & Hospitality[link]

Mubadala Real Estate & Hospitality (MREH) develops strategic commercial, residential and leisure districts that are central to Abu Dhabi’s long term development plans. These major projects are part of the Government’s Plan Capital 2030. Key developments include Arzanah, a 1.4 million square meter residential and mixed-use community development; Sowwah Island, the heart of Abu Dhabi’s new Central Business District; and the Mina Zayed Waterfront, a mixed-use leisure and entertainment district.^[15]

Assets

• Sowwah Island
• Sowwah Square
• Rosewood Abu Dhabi
• Four Seasons Hotel Abu Dhabi at Sowwah Island
• Viceroy Abu Dhabi
• Mina Zayed
• Medini, Nusajaya, Malaysia
• Viceroy Maldives

Partners

• Capitala
• John Buck International
• Viceroy Hotel Group
• PF Emirates

Services Ventures[link]

Mubadala Services Ventures develops and manages business in service-based industries which advance and support the diversification of the Abu Dhabi economy. They focus on financial services and leasing; defense (non-aerospace); maritime transportation; and integrated logistics.^[16]

Assets

• Abu Dhabi Finance
• Abu Dhabi Terminals
• Agility Abu Dhabi
• Al Taif Technical Services
• Emirates Ship Investment Company (Eships)
• Dunia Finance
• LeasePlan Emirates

Board of Directors[link]

HH Sheikh Mohammed bin Zayed Al Nahyan - Chairman

Mohammed Ahmed Al Bowardi - Vice-Chairman

Hamad Al Hurr Al Suwaidi - Member

Nasser Ahmed Khalifa Alsowaidi - Member

Abdulhamid Mohammed Saeed - Member

Mahmoud Ibrahim Al Mahmoud - Member

Khaldoon Khalifa Al Mubarak - CEO and Managing Director

Senior Management[link]

Homaid Al Shemmari - Executive Director, Mubadala Aerospace

Hani Barhoush - Executive Director, Mubadala Capital; Executive Director, Mergers & Acquisitions

Maurizio La Noce - Executive Director, Mubadala Energy; Chief Executive Officer, Mubadala Oil & Gas

Suhail Mahmood Al Ansari - Executive Director, Mubadala Healthcare

Ahmed Yahia Al Idrissi - Executive Director, Mubadala Industry

Jassem Mohamed Al Zaabi - Executive Director, Mubadala Information & Communications Technology

Ali Eid Al Mehairi - Executive Director, Mubadala Infrastructure; Executive Director, Mubadala Real Estate & Hospitality

Rilk Dacleu Idrac - Executive Vice-President Strategy & Ventures, Mubadala Development

Laurent Depolla - Executive Director, Mubadala Services Ventures

Derek Rozycki - Executive Director, Structured Finance & Capital Markets

References[link]

External links[link]

• Mubadala Development Company

Eike Batista
Eike Batista in 2011
Born	(1956-11-03) November 3, 1956 (age 55) Governador Valadares, Minas Gerais, Brazil
Ethnicity	German Brazilian[1][2]
Alma mater	RWTH Aachen University (College dropout)
Occupation	CEO of EBX Group
Net worth	US$ 30 billion (2012)[3]
Children	Thor Batista (b. 1992) Olin Batista (b. 1996)

Eike Fuhrken Batista (Portuguese pronunciation: [ˈajki ˈfuʁkẽj bɐˈtʃistɐ]) (born November 3, 1956) is a Brazilian business magnate who made a fortune in mining and oil and gas exploration.^[4][5] Presently, he is the chairman of Brazilian conglomerate EBX Group. The group includes five companies that trade on the BOVESPA´s Novo Mercado, a special segment of the São Paulo stock market where enterprises with the highest standards of corporate governance are listed. The EBX companies listed on the BOVESPA are: OGX^[6] (oil and gas), MPX^[7] (energy), LLX^[8] (logistics), MMX^[9] (mining) and OSX^[10] (offshore services and equipment).

Early life and career[link]

Eike Batista^[11] is one of seven children of businessman Eliezer Batista da Silva,^[12] who was Minister of Mines and Energy in the João Goulart and Fernando Collor administrations and a former president of Companhia Vale do Rio Doce,^[13] then wholly a state enterprise, between 1961–1964 and 1979-1986. His mother, Jutta Fuhrken, was born in Germany and, from her, Batista says he learned self-esteem and discipline, attributes he considers crucial to his formation as an entrepreneur.^[14] After spending his childhood in Brazil, Batista and his family moved to Europe when he was a teenager, due to his father’s occupation. They lived in Geneva, Düsseldorf, and Brussels. In 1974, he began to study metallurgical engineering at the University of Aachen in Germany. When he was 18 years old, his parents returned to Brazil, yet Batista remained abroad and began selling insurance policies door-to-door to make his living. In interviews, he often mentions that the "stress" and the lessons learned from this experience were essential for his education.

Eike Batista returned to Brazil in the early 1980s and focused his attention on the gold^[15] and diamond trades. He established himself as a salesman, contacting producers in the Amazon area and buyers in large metropolitan centers in Brazil and Europe. When he was 23 years old, he started a gold trading firm, called Autram Aurem, using the Inca Sun as the company trademark and symbol. A year and a half later, the company had earned US$ 6 million.

His entrepreneurial instinct and talent led him to implement the first mechanized alluvial gold mining plant in the Amazon, marking the beginning of the EBX Group. At age 29, he became CEO of TVX Gold, a company listed on the Canadian Stock Exchange, thus initiating his relationship with global capital markets. From 1980 to 2000, he created US$ 20 billion in value with the operation of eight gold mines in Brazil and Canada and a silver mine in Chile.^[16] Between 1991 and 1996, the value of his company more than tripled.

Batista married the model Luma de Oliveira in 1991, and divorced her in 2004. They had two boys, Olin and Thor. Batista enjoys running, swimming and practices marine sports. In the 90s, he was the Brazilian, U.S. and World Champion^[17] in the Super Offshore Powerboat class. In 2006, he covered the 220 nautical miles between Santos and Rio de Janeiro in 3h01m47s and beat the record for the course in his boat, the Spirit of Brazil. Eike Batista^[18] maintains an active digital life, with a personal site with articles, videos and news about his companies. The digital channel that Batista has chosen as his primary means of personal communication is Twitter.^[19] His profile on Twitter, @eikebatista, has over 550,000 followers, who respond to his messages and interact with him. . In 2011, Batista released the book “The Heart of the Matter” (O X da Questão) which recounts his trajectory in the business world and offers tips on entrepreneurialism. Batista is fluent in five languages – Portuguese, German, English, French and Spanish^{[citation needed]}.

On March 17, 2012, the billionaire's older son, Thor Batista, then 20-year old, got involved in a car accident that killed a cyclist and was charged with manslaughter.^[20][21] According to Forbes.com columnist, Clare O'Connor, in the days afterwards, both Mr. Eike Batista and his son Thor have taken to Twitter to procclaim Thor's innocence, claiming that he “was at the speed limit, did a breathalyzer test and signed a statement describing the accident”.^[22]

National and international rankings[link]

In 2011, Batista was listed by Forbes magazine as the 8th richest person in the world^[23] and the richest in South America. His wealth is estimated at US$ 30 billion.^[24] Eike Batista was also featured in Bloomberg Markets magazine as the only Brazilian on the list of the 50 most influential people in global finance, published for the first time in September 2011.^[25] The magazine focused on people “whose comments move markets; whose deals set the value of companies or securities; whose ideas and policies shape corporations, governments and economies”.

At the end of 2010, the magazine ranked Batista as the 58th most powerful person in the world,^[3] placing him as Brazil's most powerful person after the current president of Brazil, Dilma Rousseff.^[26] The newspaper Folha de S. Paulo describes Batista as an example of a "self-made man",^[27] an entrepreneur with a fortune acquired through his own efforts (and not through inheritance).

The top-ranked Brazilian in March 2008, on the Forbes magazine list, was Antonio Ermírio de Moraes, in 77th place with a family estate of US$ 10 billion. Another 17 Brazilians were on the list, including Batista (who in 2008 said his goal was to become the richest man in the world in five years). In 2008 Batista’s fortune was estimated at US$ 6.6 billion and he was ranked at the 142nd place on the list of the richest men in the world. In 2009, he moved up to the 61st position and was considered the richest^[28] man in Brazil.

According to the Brazilian weekly magazine Época, Batista is one of the 100 most influential men in Brazil of 2010. IstoÉ magazine has also listed Batista as one of the 100 most influential people in 2010. In 2011, Batista was included in the 1,000 CEOs ranking by Dinheiro magazine.

Batista has benefited from three decades of experience in international business and has an ability to "generate wealth from scratch".^[29] Since the 1980s, Batista created and put into operation eight gold mines in Brazil and Canada (Amapari, Casa Berardi, Crixás, Musselwhite, New Britania, Novo Astro, Novo Planeta and Paracatu), a silver mine in Chile (La Coipa), and three iron ore mines in Brazil (Mina 63, Tico-Tico and Ipé).

From 2004 to 2010 Eike Batista^[30] created and put into operation five companies: MMX (mining), MPX (energy), OGX (petroleum), LLX (logistics) and OSX (offshore industry).

Project Investments[link]

EBX[link]

The EBX Group produces iron ore in Minas Gerais and Mato Grosso do Sul and has put into operation the first commercial-scale solar power plant^[31] in Brazil. The Group is making investments of an estimated US$ 15.5 billion between 2011 and 2012 in Brazil and is responsible for projects of significant scale in the country, such as the LLX Açu Superport^[32] in São João da Barra (RJ), the MMX Sudeste Superport^[33] in Itaguaí (RJ), and the MPX thermal power plants in Itaqui (MA) and Pecém (CE). These important energy and infrastructure projects are being executed in parallel to OGX´s exploratory campaigns^[34] in Campos (RJ), Santos (SP) and Parnaíba (MA) basins, which have resulted in oil and gas discoveries. There are currently 20,000 people working in the construction and operation of the Group’s projects.^[35]

The EBX Group is headquartered in Rio de Janeiro and also operates in nine Brazilian states. It has offices in New York (USA), Colombia and Chile.

In addition to the infrastructure and natural resources sectors, Eike Batista’s EBX Group also invests other areas, including real estate (REX),^[36] entertainment (IMX)^[37] technology (SIX) and catering (NRX). In Rio, EBX is developing sports, hospitality, gastronomy, health and beauty initiatives.

Since the early 2000s, Batista focused his efforts primarily in the areas of natural resources, energy and infrastructure.

MMX[link]

MMX^[38] is the mining company of the EBX Group, with integrated logistics and low production costs. The company has projects in the Brazilian states of Minas Gerais and Mato Grosso do Sul, as well as in the country of Chile.

MPX[link]

MPX operates in the energy industry in Brazil, Chile and Colombia. The company has complementary businesses in power generation, coal mining^[39] and exploration and production of natural gas. MPX is responsible for the first commercial solar power plant in Brazil in the city of Tauá^[40](CE).

OGX[link]

OGX is the EBX Group company which carries out activities in the exploration and production of oil and natural gas. The company is responsible for the largest private sector exploratory campaign under way in Brazil, with a success rate in exploratory wells of more than 90%.

LLX[link]

LLX is the logistics company of the EBX Group, responsible for building the Açu Superport,^[41] in the state of Rio de Janeiro, projected to be the largest port-industrial complex in Latin America.

OSX[link]

OSX operates in the offshore shipbuilding industry and is constructing the largest shipyard in the Americas, the "Embraer of the Sea," at the Açu Superport^[42](an LLX project) industrial complex. The company also provides services to the offshore oil and natural gas industry in three different segments: shipbuilding, in the charter of Exploration and Production (E&P) equipment and Operation and Maintenance (O&M).

Enterprises[link]

Major companies founded by Eike Batista: EBX, OGX, MPX, MMX, LLX, OSX, REX, AUX, IMX, Gloria Palace, Marina da Glória, MDX, BEAUX, MR.LAM, PINK FLEET, and RJX.

See also[link]

• List of Brazilians by net worth
• German Brazilian

References[link]

External links[link]

Wikimedia Commons has media related to: Eike Batista

• Personal Website
• Personal Twitter
• EBX Group's Website
• EBX Group's Brand Channel on YouTube
• FPSO OSX-1 Hotsite

Persondata
Name	Batista, Eike Fuhrken
Alternative names
Short description	Brazilian businessman
Date of birth	November 3, 1956
Place of birth	Governador Valadares, MG,  Brazil
Date of death
Place of death