Davos 2023 latest: Abu Dhabi’s Mubadala plans new listing; Moderna eyes factories in all continents

Davos 2023 latest: Abu Dhabi’s Mubadala plans new listing; Moderna eyes factories in all continents

The chief executives of the world’s largest sovereign funds and global entities continue to shed light on their corporate plans and economic concerns at the ongoing World Economic Forum annual meeting in Davos, Switzerland.

Abu Dhabi-based Mubadala Investment Co. CEO Khaldoon Khalifa Al Mubarak disclosed plans for listing Emirates Global Aluminium (EGA), expecting a recovery in China and robust growth in India.

On the health front, Moderna CEO Stephane Bancel plans to open factories making vaccines based on its messenger RNA technology on every continent. The theme of the 53rd annual meeting is “Cooperation in a Fragmented World”.

Zawya has compiled all the updates from Davos.

Mubadala says may list Emirates Global Aluminium this year

Emirates Global Aluminium (EGA) is likely to go public as soon as the third quarter of 2023, Mubadala Investment Co. CEO Khaldoon Khalifa Al Mubarak told Bloomberg.

“It will happen maybe this year. We’ll see how markets react,” he said, adding the listing may take place in the third or fourth quarter provided it makes sense.

EGA is owned equally by Mubadala and Investment Corporation of Dubai.

Abu Dhabi’s Mubadala to focus on Asia with eye on China recovery

Mubadala Investment Co. CEO Khaldoon Khalifa Al Mubarak said Asia will be an area of