ABU DHABI: Dhabi's investment vehicle Mubadala plans to invest around AED60 billion ($16.3 billion) in 2011, nearly four times the average amount it deployed over the last three years, its bond prospectus showed. The unlisted investment group, which holds stakes in Advanced Micro Devices Inc, General Electric and private equity firm Carlyle, held investor roadshows in Abu Dhabi and Dubai Sunday. “The group currently anticipates that its capital and investment expenditure for 2011 is likely to be in the region of AED60 billion,” the prospectus seen by Reuters said. Mubadala, which reports its results on a semi-annual basis, spent an average of AED16.4 billion for the past three years. A substantial portion of the anticipated capital and investment expenditure over the next four years is expected to relate to its subsidiary Advanced Technology Investment Co (ATIC), Mubadala GE Capital, the Masdar project, certain real estate developments and some public-private partnership (PPP) projects, the prospectus said. As of Dec. 31 2010, the group's committed capital and investment expenditure was AED37.9 billion.
