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General Electric forms venture with Abu Dhabi development fund.

Publication: The Oil Daily
Publication Date: 24-JUL-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: General Electric forms venture with Abu Dhabi development fund.(Mubadala Development)

Article Excerpt
US industrial, financial and media giant General Electric (GE) has teamed up with Mubadala Development, one of Abu Dhabi's most powerful and rapidly growing state organizations, to set up an $8 billion joint venture that will invest in a variety of projects--including clean energy technology--in the Middle East and North Africa.

The multifaceted agreement, signed in New York on Tuesday, calls for the establishment of a global commercial financial services business headquartered in Abu Dhabi.

GE and Mubadala--which is headed by Abu Dhabi's...

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