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Khaldoon Al Mubarak

lines on the record: 30
first: 2018-06-28
most recent: 2018-06-28
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I have three kids, so I have a lovely wife and three children that unfortunately, because of all what I'm doing, I don't spend enough time with. And that's my one regret”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“I love what I do. I enjoy it both professionally and personally. But if there's one thing that I'd like to do more than what I'm doing right now is spend more time with my family.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“No, I don't worry about that. No, we don't worry about that. I think we have such strong links with the United States. We have such strong links with the people here in the United States, with the government, with the business community, with the academic community, the think tanks across all facets of U.S. society. So I think these links are deep. We have to be able to distinguish between rhetoric and reality, and that reality on the ground is what we feel. I'm in Washington, D.C. today. I'm meeting with politicians. I'm meeting with businessmen. I'm meeting with people from all facets. And I do not feel it. It doesn't worry.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“There has been a fundamental shift or disagreement in terms of how we see the future of this region and the direction that Qatar has decided to go through with its decisions in terms of both its politics, who it's decided to support, how it's really, in our view, not done what we had hoped it would do with regards to combating terrorism, combating the financing of terrorism, and really sharing the vision that we have of what we feel all of us should have for the stability of our region. That's really at the heart of this dispute. These issues are quite deep, but these issues obviously have been going on now for months. I hope that ultimately this matter gets resolved, and I hope at the end of the day we're all one family. Immaratis, Saudis, Bahrainis, Egyptians, Kuwaitis, we are all one people.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“The basis of this dispute is we live in a very challenging region. National security has been at the forefront of challenges that all countries in our region face. And the GCC is a bloc that has always tried to maintain at least a vision of how we see the future and the stability and security of that region.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“David, it's not a big secret that we in the UAE have always had reservations over that agreement from the beginning. We live in our region, we live in our neighborhood, we've been dealing with Iran and the challenges that Iran puts on the region and the stability and security of the region. It's always been our position, a concern over what that agreement was able to achieve in terms of preventing Iran from building a military nuclear capability.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Know the crown prince of Saudi Arabia, His Highness Muhammad bin Salman, is another incredible leader. I mean, what he's doing and what you're seeing in Saudi Arabia right now is transformational. They share a view of the future. They share a vision of the future, a better place, not just for their people, but for the region. And I think it's all these factors that make, again, these two very special leaders very close together.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Working out great. I mean, the UAE, when we say we need to attract, we've gone from a country that was attracting a million tourists a year to now over 20 million tourists per year of a country that has a population of less than 10 million. So over the years, we've invested heavily in sporting activities and in museums and hotels, et cetera. And that's made the UAE such an attractive place for tourism. But you know what's more important than all this? Safety and security In the neighborhood we're in and the region we're in to have a country like the UA attract that sort of number of tourists, it can only be done by having a country that's safe and that's secure and that people feel both safe and secure.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Or in the UK or here in the United States, but for a museum in the UAE to have that, I think for people that don't know the Middle East, I mean, that's a massive step, a massive step and a massive message that you will understand, David, and many people that know the Middle East will understand the significance of that.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, it's a young country, it's a young nation. We didn't have a museum of this magnitude in the UAE. And I think this museum represents many things. Yes, it's beautiful. Yes, I think the art collection is remarkable. But I think there's a bigger story in this. We are trying to push out of the UAE a message of tolerance. If you go to that museum, you will see that there is a curation. There's one particular galley that is for me incredible in which you see the world religions really in one gallery and you see them next to each other. So there's a Torah next to a Bible next to a Quran from the same period. And you see multiple iterations of different periods where you see the three books next to each other. Phenomenal. Now you can see that in a museum in Germany.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“First of all, I want to double check. Last time you came to my office and we met. You made a commitment that you would go visit it. Did you do it?”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's what we did. He said to me, listen, I don't want any bureaucracy on this. You're going to report directly to me on this project, and I want it done now, and I want it done immediately. And it took me as an organization. It took us about seven years to go convince Cleveland Clinic of the logic of this, convince them that we would actually commit to the quality of care and to the management that this need requires to deliver exactly what you have in Cleveland and Abu Dhabi. It took us seven years to build a state-of-the-art hospital which we have today. And that vision that he had that dream he had, I think, has been achieved.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“We're one of the wealthiest countries in the world. We have a small population. We've invested well in terms of infrastructure. Why don't we have a hospital of the quality of Cleveland Clinic here in the UAE? It's not acceptable. My people deserve this quality health care, and I want you to handle this project. Why don't you go figure out how you can build a Cleveland Clinic Hospital here in Abu Dhabi?”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a funny story about Yeah, about 10 years ago. I was with His Highness, with Sheikh Mohammed, and it was the month of Ramadan. And we had, he was visiting a family and he had the breaking of the fast at this family's house. And one of the members of that family had just come back from being treated in Cleveland for a long time. And they had just come back. Cut a long story short after the meal, Sheikh Mohammed likes to take a walk always and many of our meetings are actually over long walks which is a challenge when you have to carry documents and particularly with our weather when it's very hot some days it's believe me one of the hard parts of my job so anyways we took a walk and Sheikh Muhammad turned to me it was night it was maybe 10 o'clock at night at that point and he said This gentleman spent six months in Cleveland”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“You know His Highness well, you've met him on many, many occasions. He's a person that I think working for him is not a job. It's beyond that. It's beyond that. If he asked me to do anything, I would do it. So I'm loyal to my country, I'm loyal to my government. But above all, I think just working with someone like Sheikh Mohammed I think is an absolute joy and I would do anything for it.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the best thing about my job, David, is I actually don't do anything. I have an organization that one of the things I've tried to do throughout my career is always surround myself by talented, capable individuals. I've been lucky, I've hired well, I built a very strong team in Mubadala. I have four top-notch CEOs that report to me that essentially do everything. My ethos professionally has always been always try to hire the best, always try to make sure that you have a strong, stable of talent around you. And that allows me to do so many things. Now, I have a significant commitment in my time working, obviously, for His Highness. So I spend a lot of time supporting His Highness and traveling with him many places around the world.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So I've had the pleasure and honor to meet with President Clinton, President Bush, President Obama, and now President Trump.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So I have a board of directors. The board of directors is chaired by His Highness Sheikh Muhammad bin Zayd al-Hayan, the Crown Prince of Abu Dhabi. So we have a strong board, a very present board. The board meets on a monthly basis.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Over the last three years, we've been evolving and expanding in different directions, and maybe four years ago, I would have told you less than 2% of our portfolio was in China, India, and South America. We had no presence in these countries, no exposure. Over the last three years, we've been actively investing and present in China, actively investing and present in India, actively present and investing in South America. We've been opening offices around many places around the world where our operations have reached scale.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“I worked there for a couple years and spent a lot of time in Abu Dhabi but also spent a lot of time in Japan. Not many people know that, but Abu Dhabi is one of the largest producers of crude oil in the world and our largest market is Japan. That was very interesting for me and I learned a lot from that experience. From there on, I moved into the investment world. I started out a pipeline project, was the first gas project that connects three countries in the Middle East, and it needed a company to own it, so the government established a company, and that company was Mubadla. So Mubadla started with that project and evolved over the last 20 years to what it is today.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Back then, you come out of college, you go back to Abu Labi, and you're a U.S. graduate, and you're going to have really essentially two options. Either you're going to work in oil and gas, or you're going to work in the investment field. So I interviewed with both. I had an offer from both. And I decided to start at the National Oil Company.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So I dealt with two things number one, nobody had any idea about Abu Dhabi, the UAE. Second is the pronunciation of my name. I have a very difficult name. It's Khaldun. And the pronunciation of this letter in English is challenged by most of my friends in the United States. So I became known not as Khaldun, which is my name, but Khaldun. Caldun is my, let's say, my American”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“First of all, I didn't even know where Tufts was. I had never been to Boston. I think I had been to the United States once. Summer I graduated. I went west coast. And that was the first time I actually go to the West Coast. It's only then that I realized that I was deeply tricked by my friends and colleagues who Convinced me to go to Boston. I love Boston, but the weather. From a kid coming out of Abu Dhabi, where temperatures in the summer are north of 100 degrees, to go end up in Boston, that was a tough, tough transition for me. And I didn't know California. And when I went to California after I graduated, I'm like, dar, I should have started California.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“My grandfather was essentially the first chief justice. In the UAE, when the federation was established. And my father was an ambassador. So I come from a family that has justice, has diplomacy, and I was after my father passed away, I was brought up by my grandfather. So at a young age.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“We have a radius around us of countries like India, countries like Egypt, countries with an immense history, and we're new into this market, and we don't have a Taj Mahal, and we don't have the pyramids. But what we've been able to do in Dubai particularly has been able to do was build a tourism infrastructure in terms of hotels, shopping, restaurants, entertainment, taking advantage of what we have, which is the sea and the desert. And by doing so, we've been able to build an influx of tourists that supersedes Egypt and India combined.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So, many years ago, oil represented about 70 to 80 percent of the GDP of the country. We've been able to move the economy where that concentration is now less than 35%. Now we're still a long way away, and I think the focus now is to continue to push that number down as much as possible”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“United Arab Emirates is a federation of seven emirates, seven states Abu Dhabi being the largest, Dubai being one of the most famous. The federation was formed in 1971, the father of the nation is His Highness Sheikh Zayed. He passed away several years ago, but he was the father. He established the federation. We have a population of about 10 million overall. We have a wealth of resources, particularly in the oil and gas field. That's been the foundation of the economic development. The oil and the gas is not going to be here for the next thousand years. It's finite, and we have to prepare ourselves for the future. The leadership of this country has focused on maximizing the benefits and the returns from this resource, but at the same time build a diversification strategy preparing ourselves for the future. And that's what you have in the UAE today.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So we started with Manchester, and then we came up with this idea of football as a global sport, and it's a sport that's growing everywhere. How about we create a brand? Are scouting the system, our management systems, and use these synergies to be successful in multiple jurisdictions. Never been done before. It was a thesis. We didn't know who was going to work or not. But over the last six to eight years, we've built a group called the City Football Group that owns controlling stakes or management stakes in clubs all around the world. And we're seeing the benefits of that by essentially having a much better proposition for sponsors who want access to not just one market, but a global market and want to have that local presence through the football network that we have in these clubs. We're looking now at India, we're looking at China, which is kind of a reflection of everything else I'm doing. If you look at our portfolio in Mubadalla, it follows a very similar path as a global platform. Our presences in all these markets, and that's how we've grown.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“No, I inspire the troops by making sure we have the right organization in place. I mean, that's what I think I'm good at, getting the right ecosystem for success on the pitch, getting the right players. That's really what wins in sports. It's that complete package.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“It was a great journey. Football is a passion of mine. I enjoy football. So doing that job was an absolute joy. So 10 years ago, we started this journey. Manchester City was a modest club back then in terms of their standing within the Premier League. They had revenues of about 80 million dollars 10 years on. We've pushed the revenue to almost $550 million. The group is very successful financially, economically, but more importantly when you're in the business of sports, you have to be successful on the pitch. And over the last 70 years, Because it took us three years to build the capability and the club to be competitive over the last seven years, Manchester City has been the most successful club in the Premier League. We've won the Premier League three times in those seven years.”
2018-06-28 · The David Rubenstein Show · Khaldoon Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source