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ABU DHABI / WAM
Mubadala Development Company and the HNA Group, a global Fortune 500 company specialising in tourism, logistics and financial services, signed a memorandum of understanding (MoU) to expand investment collaboration between the two sides.
Following a series of senior leadership meetings in Abu Dhabi, the companies agreed to explore co-development and co-investment opportunities across a range of sectors, including tourism, logistics and financial services. They would also identify, evaluate and carry out strategic and capital investment opportunities in areas such aerospace, advanced manufacturing, real estate and hospitality, healthcare, infrastructure, information technology and financial services.
Homaid Al Shimmari, CEO, Aerospace and Engineering Services, Mubadala, and Guang Yang, Chief Investment Officer, HNA Capital, signed MoU in the presence of Khaldoon Al Mubarak, Group CEO and Managing Director, Mubadala, and Wang Jian, HNA Group Chairman Adam Tan.