Abu Dhabi’s sovereign wealth fund has opened an office in Beijing, Reuters reported Friday, in the latest sign of China’s growing influence in the Middle East.
The Mubadala Investment Company, which is owned by the government of Abu Dhabi and operates as a sovereign wealth fund, began operations in the Chinese capital this week. The office will focus on investments in the country, according to Reuters.
Mubadala did not immediately respond to Al-Monitor’s request for comment.
The company already had a presence in China. CEO Khaldoon Khalifa Al Mubarak told Bloomberg in January that Mubadala has investment professionals working for it in the country and that it plans to focus on Asia investments. He also mentioned that Mubadala expects China to recover well from the COVID-19 pandemic.
