UAE entities come together to save endangered species in Asia, Africa

UAE entities come together to save endangered species in Asia, Africa

They have been successful in protecting flora and fauna

Published: Fri 10 Jun 2022, 1:48 PM

A state-owned firm in partnership with environmental organisations has been successful in protecting endangered flora and fauna in Africa and Asia.

It was last year that Mubadala Investment Company, an Abu Dhabi-based sovereign investor, committed $1.5 million annually for three years to support the Mohamed bin Zayed Species Conservation Fund (MBZ Fund) environmental conservation efforts in Africa and Asia. The MBZ Fund is a philanthropic endowment established in 2009 to provide small grants to individual species conservation initiatives worldwide.

Mubadala, along with the MBZ Fund and Emirates Nature-WWF, has been focused on countries where portfolio companies operate such as Guinea, Indonesia, and Thailand, which represent some of the world’s richest biodiversity hotspots.

In Guinea, the partnership has been preserving endangered marine species, including critically endangered marine turtles, conducted threat assessments on the Atlantic humpbacked dolphin, and the African manatee.

Homaid Al Shimmari, deputy group CEO, chief corporate and human capital officer, Mubadala Investment Company, said that the protection of the planet is a key area of focus. “We play an important role in raising awareness for environmental conservation.”

In Indonesia, the partnership supports the marine ecosystem, in particular coral reefs and