Over recent decades, the United Arab Emirates has built one of the world’s most resilient and competitive economic models, anchored in a society that empowers its people, attracts global talent, and creates opportunities that extend beyond our borders. This progress is rooted in the founding values of His Highness the Late Sheikh Zayed bin Sultan Al Nahyan and reflects a leadership ethos defined by responsibility and foresight to anticipate the future in a rapidly evolving global system.

In this regard, 2025 marked an inflection point for the UAE and its partners, as unprecedented inflows of capital, talent, and technology converged with our own robust growth. Over the course of the year, it became clear that advantage now favors nations able to combine stability, talent, capital, and infrastructure with the cohesion required to translate these strengths into lasting outcomes.

For nearly a quarter of a century, Mubadala has been a central enabler of this model, translating national vision and leadership priorities into globally competitive investments and transformative opportunities at home.

In 2025, we continued to accelerate within this mandate, building national champions, strengthening critical industries, and expanding capabilities and investment vehicles required for future growth. Assets under management grew by 17% to AED 1.4 trillion (US$385 billion). We deployed a record AED 143 billion (US$39 billion) over the year, accelerating investments across sectors fundamental to long-term global competitiveness, including AI and compute infrastructure, energy systems, digital networks, advanced technologies, life sciences, and manufacturing.

At home, Mubadala’s UAE portfolio contributed AED 45 billion to GDP and supported 98,000 jobs directly and indirectly, delivering exceptional returns. This underscores both the strength of the UAE’s economic base and the role of sovereign capital in incubating future industries. We generated AED 138 billion (US$38 billion) in proceeds, up 27% year-on-year, with five- and ten-year internal rates of return exceeding 10%, reflecting the resilience of our diversified, globally integrated model, aligned with national priorities and built for long-term value creation.

Globally, we deepened our presence across private credit, real assets, infrastructure, and technology, and through Mubadala Capital, significantly expanded our role as a global asset manager. Across the United States, China, India, Japan, South Korea, and Europe, we strengthened engagement with innovation-driven economies, expanding two-way investment flows in support of the UAE’s long-term strategy.

Artificial intelligence will be a defining force in the coming era and our approach is anchored in a sustained effort across the UAE, aligned with global partners investing and building alongside us in the UAE. By leveraging our strengths in energy, capital, and infrastructure delivery, we are building the foundations of an AI-enabled economy — extending access to AI capabilities locally and globally, and enabling other nations to harness its benefits.

I extend my gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Chairman of the Presidential Court, and our Chairman, and His Highness Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for their continued leadership and trust. I also thank our Board, our partners, and the Mubadala team for their commitment and performance.