UMG Investments has signed a Memorandum with the UAE State Investment Сompany Mubadala. In accordance with the signed Memorandum, the parties confirmed the availability of opportunities for cooperation in the selection, analysis, structuring and implementation of mutually beneficial investment projects in Ukraine and abroad.
“As a local investor, we have a clear understanding of the market, and we are positive that there are attractive investment projects and industries in Ukraine that need private funding. The eight-fold increase in the value of managed assets since 2006 allows us to assert with confidence that we have sufficient management experience to expand our investment portfolio and further grow our portfolio companies,– said Andriy Gorokhov, CEO at UMG Investments. – This year, the Mubadala Found decided to take a closer look at Ukraine as a potential investment opportunity. The main model of the Fund’s work is minority participation in a business in which the operational management is conducted by a local partner. And we are ready to offer our expertise to our UAE colleagues”.
Mubadala manages $ 232 billion in assets and investments in the UAE and abroad.
Commenting on the signings, Faris Al Mazrui, Head of Mubadala’s investment program in the Commonwealth of Independent States (CIS), said: “Mubadala has established a strong track record of entering new and emerging markets. Ukraine has very promising potential for foreign investment, and the signing of MoUs with leading entities in Ukraine represents a commitment to explore potential investments and areas of cooperation on a case-by-case basis. We are impressed by the quality and caliber of Ukrainian businesses.”
The signing took place during the official visit of the President of Ukraine Volodymyr Zelensky to the United Arab Emirates.