Mubadala raises India allocation as Asia-Pacific share reaches 13%
The $385 billion Abu Dhabi fund cites market size and infrastructure investment as drivers.
Mubadala Investment Co. disclosed that Asia-Pacific holdings represent 13 percent of its $385 billion portfolio, with India receiving increased allocation. Waleed Al Muhairi, deputy group chief executive officer, stated the decision at the Bloomberg New Economy Forum in New Delhi in October 2026. North America accounts for 44 percent of the fund's holdings.
Market size and infrastructure cited#
Al Muhairi identified India's market size and infrastructure programme as factors in the allocation decision. He described infrastructure investment in India as running to tens of billions of dollars. The fund's deputy CEO stated that India is "increasingly important for our capital" in remarks reported by Semafor on 15 October 2026. He told Bloomberg that Asia has "so many fundamental advantages that it would be remiss for us not to participate in its growth."
UAE-India trade context#
UAE-India bilateral trade exceeded $100 billion in the twelve months to March 2026 for a second consecutive year, according to Semafor. The two countries have set a target to double that figure by 2032. The trade data provides context for Mubadala's allocation decision, with the fund operating as an Abu Dhabi sovereign vehicle.
Portfolio composition disclosed#
Mubadala's portfolio composition shows Asia-Pacific at 13 percent and North America at 44 percent as of October 2026. The fund manages $385 billion in assets. Al Muhairi's remarks at the New Delhi forum disclosed the regional breakdown and the direction of allocation changes. The fund has not published a breakdown of its India-specific holdings within the Asia-Pacific total.
Forum remarks on fragmentation#
Al Muhairi stated at the Bloomberg New Economy Forum that global fragmentation is "a new normal for the next five, 10, or 15 years." He described this assessment as guiding the fund's investment decisions. The deputy CEO made the remarks during an interview with Bloomberg's Haslinda Amin on the sidelines of the forum in New Delhi in October 2026.
Sources2 sources across 2 domains
- semafor.comSemaforAsia-Pacific holdings at 13%, North America at 44%, $385 billion total assets, UAE-India trade exceeding $100 billion for second year, 2032 target to double trade, Al Muhairi quote on fragmentation as new normal
- bloomberg.comBloombergAl Muhairi role as deputy group CEO, Bloomberg New Economy Forum location in New Delhi, quote on Asia's fundamental advantages
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