Mubadala is one of the main strategic partners for Hub71, a global ecosystem located in the heart of Abu Dhabi. Supported by world-leading technology companies, venture capitalists, exceptional talent and Abu Dhabi’s government’s accelerator program “Ghadan 21”, Hub71 offers a community of world-class innovators and access to capital required to help start-ups and entrepreneur develop, scale and build transformational businesses.

With Mubadala’s firm belief in pioneering the future by fostering entrepreneurship and investing world-changing innovations, Hub71 has onboarded start-ups from multiple sectors, many of which are industries vital for the future such as AI and big data, fintech, health tech, mobility and transportation, advanced manufacturing and robotics, life sciences, and space.

As with many other sectors affected by the worldwide impact of the COVID-19 pandemic, the semiconductor industry also had to deal with its repercussions.

GLOBALFOUNDRIES, the world’s leading specialty foundry that is wholly-owned by Mubadala, has been constantly adapting to new market needs through innovation and technology, especially as its manufacturing footprint spans across three continents.

An innovative technology company at its core, GLOBALFOUNDRIES focuses on the importance of innovation in product creation, planning ahead and developing technologies early on with the foresight for market needs. As it continues to influence the semiconductors industry, the foundry continues to change the industry that is changing the world.

As GLOBALFOUNDRIES delivers technology and manufacturing solutions to over 250 clients worldwide, it has also been designated as an essential manufacturer by the State of New York during the COVID-19 pandemic, as its semiconductors support technology needs in the healthcare, communications and infrastructure sectors.

Yahsat, a satellite communications company wholly-owned by Mubadala, has established its presence worldwide, offering solutions to over 150 countries across the world. Yahsat has continually made a positive impact on communities locally and globally with its forward-thinking, technological solutions.

In the UAE, when the global pandemic forced schools to close their doors and students to continue their education remotely, Yahsat, joined forces with the UAE Ministry of Education (MoE) to extend the reach of its Remote Schooling initiative. Yahsat provided high-speed satellite broadband for students and teachers in multiple locations where terrestrial broadband alternatives were unavailable. The satellite links offered remote users access to online libraries, educational applications and collaborative platforms, allowing the students to continue pursuing their education uninterrupted until the end of the educational year in 2020.

Moreover, Yahsat has expanded its reach in the past few years, with a strategic presence in Latin America and Africa. In Brazil, Yahsat is providing satellite broadband services to remote communities. This has strengthened the nation’s digital landscape and a host of long-term, tangible benefits for communities and businesses across Brazil.

This is in line with Yahsat’s mission to enable social and economic development by empowering communities in remote regions with high-performance broadband connectivity.

As part of the Group wide response to the COVID-19 pandemic, Strata, one of Mubadala’s leading assets in the aerospace industry, collaborated with industrial company Honeywell to produce high quality face masks. Certified to meet N95 and FFP2 international standards, the partnership was launched during the early stages of the Covid pandemic. The facility was set up in Al Ain to produce the masks, a critical piece of personal protective equipment (PPE) for frontline healthcare workers and members of the wider community in the UAE and around the world.

The new production line commenced operations in the middle of May 2020, and is the first of its kind in the GCC, with the masks being produced within the UAE for local consumption as a cost-effective solution.

This initiative helps address the critical demand for N95 masks, bolstering the resilience of the UAE’s PPE supply chains. The manufacturing line also aims to not only meet the national requirements of the health industry for the masks, but also transform the UAE into an exporter of this critical PPE.

Dubai Electricity and Water Authority and Emirates Global Aluminium announced a new global milestone placing the UAE as the first country in the world to produce aluminium using the power of the sun. Aluminium is lightweight, strong and an infinitely recyclable metal, meaning that it plays a vital global role in the development of a sustainable future. CelestiAL, aluminium made in the UAE with solar power, will help make modern life possible for people around the world while protecting the planet for future generations.

DEWA is supplying EGA’s smelter with 560,000 megawatt hours of solar power yearly from the Mohammed bin Rashid Al Maktoum Solar Park, sufficient to make 40,000 tons of aluminium in the first year with the potential for significant expansion.

EGA’s sourcing of solar power from Dubai’s electricity grid will be tracked and traced through the use of the International Renewable Energy Certification System, ensuring that the energy used to produce EGA’s solar aluminium has been sourced from the sun.

As a responsible investor, this initiative demonstrates Mubadala’s continual efforts to focus on alternative energies that make a long-term, positive impact on local and global communities.