This Case is about GLOBAL STRATEGY, GLOBALIZATION, LEADERSHIP, SUSTAINABILITY
PUBLICATION DATE: November 28, 2007 PRODUCT #: 708033-HCB-ENG
Another state-owned company, Abu Dhabi Investment Authority (ADIA), had been investing additional petroleum sales beyond the county for more than 30 years, and the intensely secret organization had amassed assets worth an astonishing–and still fast growing–$500 billion to $900 billion.Mubadala Forging Development in Abu Dhabi Case Solution
A common refrain maintained that Abu Dhabi nationals could live off of the yields produced by ADIA eternally. Some so referred to the emirate as “the most affluent city on earth.” Yet Al Mubarak, Mubadala, and trustworthy adviser 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 market focused on fossil fuels and little else. Not only would Abu Dhabi’s market continue to be subjected to the vagaries of world energy costs, there would be little for its citizens. Not everyone could work for ADIA or ADNOC. Not everyone was from one of the smattering of very well-off families of Abu Dhabi. Abu Dhabi needed change, to be a developed nation. Fortune had played maybe too large a part.