Skip to main content

UAE foreign direct investment in Brazil and South Korea: Key details inside

In a recent development, UAE’s sovereign investment fund Mubadala Capital has announced a sizeable $13.5 billion investment in the biofuels sector of Brazil – a key bioethanol producer, contributing one-fifth of the total global output.
The initiative is part of a broader strategy for Brazil and also includes the construction of five processing units, each valued at $2.7 billion and capable of producing 20,000 barrels of biofuel every day. The first unit is expected to start operations by 2026.
Mubadala CIO Oscar Fahlgren, also the head of the entity’s Brazilian operations, said: “It is all about feedstock [which] in reality is agriculture … Brazil is probably the best-placed country … when it comes to agricultural proficiency because of the climate and the fertile soil.”
Mubadala Capital to open stock exchange in Brazil
The planned biofuel investment will also be used to convert an existing oil refinery in Bahia into a biofuel facility. Despite recent challenges such as gasoline subsidies, financial concerns and sugarcane crop issues, Brazil’s biofuel industry continues to sustain robust production.
The roots of ethanol’s integration into Brazil’s automotive sector trace back to the 1973 OPEC embargo, that elevated oil prices and crippled the country’s energy security as it significantly relied on imports. The then-government later launched a major policy initiative.
Besides the aforementioned plans, the UAE sovereign investment firm also seeks to open a stock exchange in Brazil in 2025 through its Americas Trading Group. “We are bullish on the investment climate in Brazil right now and the opportunities we see,” added Fahlgren.
UAE-Korea partnership gets a major boost
In response to its mid- to long-term plans to spread $30 billion across strategic sectors including nuclear energy, defence and clean energy of South Korean economy, the UAE is set to invest a maximum of $1 billion in the country’s startups via a joint venture.
UAE-based venture capital firm AIM Global Foundation and Seoul’s LB Investment are ready to set up a joint venture by attracting Emirati institutional investors, as per reports. The latter, a leading VC firm, will manage the JV’s portfolio for Korean Ventures.
LB Investment has invested in BTS agency HYBE Co, Chinese dating app Tantan, game developer Pearl Abyss and many unicorn companies. Since its foundation, the firm has been prominent as one of the best and most active fund managers in the country.
The latest announcement has added fresh air to the UAE-Korea partnership, which has long focused on mega agreements for construction and energy projects in the Middle East. The $30 billion-investment plan came during the Korean President’s visit in 2023.
LB Investment’s Chief Executive Park Kiho spoke on Tuesday at the AIM Congress being held in the UAE capital, one of the largest investment forums in the Middle East – becoming the first person from a Korean VC firm to speak at an opening session of the Congress.
Labels:

Comments

Post a Comment

Popular posts from this blog

Exposing the Brotherhood: Why Jordan’s Terror Cell Bust Must Spark a Global Policy Shift

 The recent dismantling of a Muslim Brotherhood-affiliated terror cell in Jordan should not be seen as just a national security success—it must be a turning point in how the international community views and responds to the threat posed by the Brotherhood. Jordanian security forces uncovered an elaborate network of terrorists trained in Lebanon and backed by foreign interests. Their mission: to launch attacks using rockets and drones, destabilizing the Kingdom and spreading fear among civilians. This is not the work of activists or political dissidents—this is terrorism, plain and simple. For too long, the Muslim Brotherhood has operated under a false image of moderation, cleverly navigating between political activism and violent extremism. But the truth is clear: the Brotherhood is the ideological engine room of jihadist terrorism. Its members, affiliates, and offshoots have inspired and directed acts of violence from North Africa to the Gulf—and now, once again, in Jordan. Govern...
Post a Comment
Read more

Sky Care: How the UAE’s First Hospital Vertiport is Redefining Emergency Response

  Imagine a critical patient, a time-sensitive organ for transplant, or a specialist medical team needed across a bustling city. On the ground, traffic is a formidable adversary, where every minute lost can alter outcomes. Now, imagine that same journey taking minutes instead of an hour, not by navigating the roads, but by soaring gracefully above them. This is not a scene from a sci-fi film; it is the new reality in the United Arab Emirates. In a landmark move that solidifies its position on the global stage of innovation, the UAE has officially launched the nation’s — and the region’s — first hospital-based vertiport at Cleveland Clinic Abu Dhabi. This isn’t just a helipad with a new name. It is the cornerstone of a fully integrated, city-wide advanced air mobility (AAM) ecosystem, marking a profound convergence of cutting-edge aviation, AI-driven healthcare, and sustainable infrastructure. The Launch of a Lifesaving Corridor The project is a powerful collaboration between aviati...
Post a Comment
Read more

UK Business Migration to the UAE: An Economic Transformation Set to Triple by 2035

  A significant realignment is underway in the global business landscape. The corridor between the United Kingdom and the United Arab Emirates is experiencing a dramatic surge in traffic, not of tourists, but of companies, entrepreneurs, and capital. Projections indicate that the number of UK businesses operating in the UAE is on a trajectory to triple by the year 2035. This is not a fleeting trend but a strategic migration fueled by a powerful combination of economic foresight and pragmatic policy. For UK businesses, the appeal is clear and compelling. The UAE offers a starkly contrasting environment to the complexities of the European market post-Brexit. The cornerstone of this appeal is a favourable tax regime, featuring zero percent income tax and a competitive corporate tax structure. This financial efficiency is coupled with groundbreaking reforms that allow for one hundred percent foreign ownership of mainland companies, giving investors full control over their ventures. The...
Post a Comment
Read more