Mubadala and JOCIC to forge a strategic partnership to boost Chinese investments under the Belt and Road initiative

Date: April 23rd, 2024

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Zou Yonggang, General Manager of Jiangsu Overseas Cooperation and Investment Co, Ltd. (JOCIC), led a delegation to visit the Mubadala Beijing office.

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During the visit, Zou Yonggang highlighted the demonstrated advantages of the JOCIC Park in recent years, noting the substantial increase in project resources. He expressed a desire for collaboration with Mubadala to offer robust support to Chinese investors. This collaboration aims to foster mutually beneficial partnerships in industry and finance, contributing to the joint construction of the "Belt and Road" initiative and Abu Dhabi's industrial strategy.

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In response, the Chinese team at Mubadala affirmed their commitment to deepening discussions with JOCIC regarding investment and financing. They emphasized the importance of strengthening cooperation to facilitate enterprise development collectively.

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Mubadala's presence in China spans 3 major investment platforms: direct investment, real estate and infrastructure investment, and diversified investment, with over USD 45 billion. The focus lies on emerging industries with significant growth potential, positioning Mubadala as a key player in startup and venture capital investments in China's technology, consumer goods, pharmaceuticals, and other sectors.