President of Armenia Armen Sarkissian, who is on a working visit in the United Arab Emirates , met today with Chief Executive Officer of Mubadala Investment Company, Khalifa Al Mubarak, the press service of the Armenian President informed NEWS.am.
Mubadala Investment Company is a large investment company that manages diverse portfolio of assets and investments in the United Arab Emirates and abroad. The company mainly operates and invests in high technology, telecommunications, energy, healthcare, real estate, infrastructure, education, science and is represented in more than 50 countries.
It has an estimated $243 billion in assets under management and is headquartered in Abu Dhabi. Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
President Sarkissian once again expressed his gratitude for the willingness of Masdar Company, a subsidiary of Mubadala Investment Company, to implement a total of 400 MW of renewable energy projects in Armenia. The President of Armenia praised the effective cooperation between Masdar Company and the Armenian Fund for Public Interests.
At the meeting discussed were possibilities of making investments in the alternative energy and other areas as well. President Sarkissian said that Armenia is interested in the possible presence of Emirati companies in other areas of our country's economy and is ready for the long-term cooperation.