TLDR:
- Mubadala’s tech investments are being transformed by dealmaker Ibrahim Ajami.
- Ajami is striving to dispel the belief that sovereign wealth funds are slow and bureaucratic.
When Ibrahim Ajami was tasked with managing Mubadala’s tech investments in 2017, he adopted a Silicon Valley-inspired approach, focusing on efficiency and agility. As chief of Mubadala’s venture capital division, he has overseen investments in companies like SpaceX and Waymo, aiming to position Mubadala as a competitive force in the VC world. Ajami is now looking to expand Mubadala’s direct investment in startups and to deepen ties with Western companies to diversify the UAE’s economy away from oil. Through his efforts, Ajami is reshaping Mubadala’s image and paving the way for a more dynamic future in tech investments.
