Abu Dhabi’s strategic investment arm Mubadala has co-hosted a business convening with the Milken Institute and Citi on the sidelines of the Mubadala Citi DC Open in Washington.
Speakers at the event included Mubadala deputy group chief executive Homaid Al Shimmari, US Commerce Secretary Howard Lutnick, G42 group chief global affairs officer Talal Al Kaissi, MGX chief strategy and safety officer David Scott, Milken Institute chairman Michael Milken, Washington Mayor Muriel Bowser and US tennis star Frances Tiafoe.
Investment and policy priorities to advance economic growth were among the topics discussed. Key themes included sport's role in Abu Dhabi's evolution as a global city, Mubadala's commitment to adding value, and how sport is driving Washington's changing economy.
Other themes included the US facilitating foreign investment in the UAE, Mubadala's role as a key player in the Emirates' economic partnership with the US and relationship between the countries in artificial intelligence.
The US and UAE have strengthened ties in the technology in recent months, including a commitment by the UAE to a $1.4 trillion investment framework in the US related to AI infrastructure, semiconductors, energy and manufacturing.
In May, UAE President Sheikh Mohamed and US President Donald Trump witnessed the unveiling of plans for a new 5GW UAE-US AI Campus in Abu Dhabi.
Mubadala became a co-sponsor of the annual tennis tournament in 2023. The tournament is a 500-level event on the ATP and WTA tours, featuring a field of 48 players in the men's singles event and 28 players in the women's singles event.
