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Mohamed Al Mubarak
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- 35
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- 2024-12-05
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- 2024-12-05
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- 1
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“Seeing is believing. You know, the fact of the matter is, I think we hear a lot of things, but in reality, take a step further. Do your research and come. Because once you see what's happening here, it is very, very special. It's a place that is really a place of belonging, a place of connectivity, a place of understanding. And everything we are doing is for the next generation and the generation after that. I would love for everybody to be a part of that with us.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“The future really lies on the idea that we have to stop. We don't have to stop. We have to continuously evolve. We have to continuously be better. We have to continuously cater to the needs of what our future generation wants. And that's what makes the job special because you're always thinking about the future. This is what makes the UE special. It is what's next for us.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So, you don't need to be a citizen to live here in terms of your acquisitions, there's new policies that have been added, so long term residencies, golden visas for you and for the entire family household, short-term residency visas.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“To cater for the needs of the investor, cater for the needs of the buyer, of the homeowner. You look at all of our sort of sovereign funds, the mobadilas, the IHCs, the ADQs of this world, the ages of this world. Not only are they investing outside, but they're also investing within in very important sectors, agritech, AI, education, infrastructure, logistics, that is creating massive job opportunities in the UEE. And people from all over the world are taking these opportunities. So I almost look at the UE today as a place that is the land of opportunity.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, sir. One of the things that is you talk about the development aspect, so our development pipeline has grown eightfold. If you look at just from a numbers perspective, you know, you're going to say who's buying here. In 2021, 11% of my portfolio were international buyers. 2024, close to 30%. And these buyers are coming from all over the world, predominantly coming from Southeast Asia, Asia, Eastern Europe, Western Europe. And you might say why. Now, wise to me is a very easy question because they're coming to a place where there is, like I said, a continuous pursuit for quality of life, one of the safest cities in the world where safety comes first, Medicare comes first, the investment of government in education, Medicare, infrastructure, public safety is always front of mind. It's a place where it is continuously evolving to create policies.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely, it is a problem. It's a good problem to have. You look at basically the growth story of a company like Aldar. In 2008, we were launching two to three developments a year. Fast forward to this year, I've launched 14 new developments. So the scale is significantly larger. Our market cap has grown five folds.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, on the contrary, we've heard sort of press, outside press, talk about, for example, competitiveness between even Abu Labi and Dubai. But the fact of the matter is we all are complementary, similar to what we see in places like the US or even Europe, just because of the size of the US, where people fly to the US, you know, their bucket list is to go to New York, Los Angeles, Chicago, New Orleans, and the list goes on. Same thing in Europe. It's Paris, it's London, it's Rome, it's Milan, and the list goes on. When it comes to this region, like I said, it is widely connected. It is in close proximity to each other. So the tourist, in reality, will go to Dubai, Abu Dhabi, Riyadh, Doha. So we're really all complementing each other with different experiences.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Jitsu became a national sport. And today we have over 750,000 jitsu fighters here in the UE that have won global medals from all over the world. You can clearly see that we are investing not just in the sport but in the infrastructure, both hard and soft.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Sports in itself brings people together, regardless what your background. So we're big on sports entertainment. We've started that with Formula One in not just focusing on the sport itself, but creating musical experiences, food and beverage experiences, retail experiences, all engulfed over a weekend. And the whole city basically celebrates Formula One. Then you took it to another step further, where we took the engineering and the sports excellence component and we've embedded it within our school programs and our different educational programs. And it's because since we've started Formula One to where we are today, now we have a strong list of female drivers, male drivers racing in all aspects of racing within the UE and beyond. So it is really a long-term partnership story with the sport itself. Same thing with UFC. We brought in UFC. Prior to the UFC investment, there was an investment in the sport jiu-jitsu.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely, and it's just architectural stunning. You get there, you get an understanding of this beautiful space. Maybe spend 20 minutes there. And then if you have an hour, and then it's around eight to ten minute drive to Qasr al-Hassan, the oldest standing fort here in Abu Dhabi. It's in the center of the city. You also get a view of the entire sort of city. Spend 20 minutes there. And then you shoot out eight minutes later, you're at the Louvre Abu Dhabi, and then you're off to the airport. And currently at the Louvre Abu Dhabi, we have an amazing post-impressionist exhibition. If you got a chance, it's amazing. Some amazing Van Gogh's. So you take that box.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Due to our infrastructure, what I believe you can do in an hour, you being a cultural enthusiast, I would probably recommend you visit the Shirzaid Mosque and you see it's this beautiful mosque as one of the lines.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, I was lucky. I went to a university and I went to a place where you had a lot of international university kids from all over the world. So they knew where UAE is. They knew where Abu Dhabi was. But they had... You know, not a lot of information about it. The funny thing right now is every single student I went to school with has come to the Abu Dhabi and when they've come down here they've called me said oh you remember I was with you in freshman year I was with you in sophomore year I was with you and I said yeah of course remember he said you know we've come here this is amazing”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So I fell in love with comics at a very early age. I grew up, I remember as early as I can, every time I would find a Superman comic or a Batman comic or an X-Men comic, whether it's DC or Marvel, I basically gobbled them up. I took them up and I ran up to my room and I sat on my corner and I basically just, I loved the concept of creating something so imaginative, creating these worlds, you know, creating these characters that are actually so detailed, but they have so much weight to them, emotional weight.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, sir So, my sister, Razan al-Mubarak, she works for the Environmental Agency here in Abu Dhabi. She is an advocate of sustainability and safeguarding the environment. My other sister is a studied lawyer. And right now she has probably a very important job, which is focusing on her family.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“I was born in Paris Yes, sir. Paris, France, and moved back to Abu Dhabi and grew up here, had a fantastic upbringing, the community, society was just amazing to be a part of it, always seeing a sense of how leadership is so close to the people on how it always wants to make sure that the people are comfortable and happy. My mother did an amazing job with my siblings and myself. We're very close together. My brother and my sisters were all a very tight-knit family.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So, when it comes to the local population, and this is where I always go back and say, you know, the government continuously works on enhancing the quality of life of the residents and the locals of the United Arab Emirates. So us as locals, we have opportunities to get free land for housing. So free housing, free medicare, subsidized power and water, and a job opportunity. So you are given the tools to succeed. What you do after these tools is really up to you.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“It is one of the safest cities in the world. One, because there is a clear strategy and a plan for that. But two, everybody lives here, loves the way of life here. They want to sustain it. So everybody works hand in hand together to sustain that.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Not a problem because the fact of the matter is that we're still a developing country, we're still a developing city, everything is done through a well thought of strategy. So it's not just basically let's just open our doors and everybody come in. You're looking for talent also. Teachers, nurses, doctors, engineers, these are people that are flying in here that are helping us grow.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“I think first and foremost, one thing that we all as human beings look for is peace and harmony. Nobody wants to see devastation happening anywhere around the world, regardless of it's next to you or not next to you. The United Arab Emirates is home to over 200 nationalities from all over the world, different religions, different backgrounds. And the focus is really on how we keep our community safe and make sure that basically we work with an entire diplomatic ties to make sure that we can find a solution that caters for the wants and needs of the overall world when it comes to peaceful coexistence.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and you know, the fact of the matter is, like I said, these museums are educational institutions. So, first of all, all kids going for free, all military personnel going for free. Anybody over the age of 60 goes in for free? And then anybody who's doing research gets a heavily subsidized aspect of their ticket. They also get the right to basically enter all our research labs. So like I said, they are educational and community facilities”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Really from all over the world. But I think if I'm going to look at my top five destinations, you're looking at the Indian market, the Chinese market, the Russian market, the UK market. Of course, the Western European market, whether it's Germany or France, so they're really coming from everywhere.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I think first and foremost is the why, as you rightfully said. Why are we building these? So when it comes to our cultural institutions, because we truly believe that culture is the backbone of any forward-thinking society. Culture has to be embedded in our DNA, like it always has been. So they're not the institutions we're not built for tourists. They're actually built for the residents here and for the future generations of residents here in Abu Labi in the United Arab Emirates. And of course, then you have the tourism story. Last year we had a little under 5.3 million tourists. We're looking to target this year, a little over 6 million tourists.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. I mean, UNESCO designated Abu Labi as a city of music. Music is very close to our heart. As I said, when you live with over 200 nationalities, they bring in their musical touches to the story. So our events calendar is filled with music from everything from classical music to hip-hop to pop to Korean pop to dance and the list goes on. And since COVID, where the world told us people are not going to come to these live events, we have pretty much sold out every single live musical events catering for all demographics.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Mixture of things similar to the Louvre. First is a fantastic opportunity of transfer of knowledge, working side by side with that fantastic team at the Guggenheim, New York and the Guggenheim Bilbao and working on how we can detail this museum together. Compounded by that, you're taking years and blueprints.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“A part of this land for over 300,000 years. You get a glimpse of what the past and the present and the future looks like here in the UAE. From there, you maneuver yourself to the Louvre Abu Dhabi, which is a beautiful universal museum. It is universal in its thematic approach. So there, you basically see a part of you on an equal pedestal with the entire world. Then you leave to the Guggenheim Abu Dhabi, which is a contemporary art museum focusing on art from the late 1940s to today. But it looks at it at a truly global perspective. So yes, you will see art from Pollock or Rothko or Basquia or Warhol, but it's going to be side by side by artists from Kenya, from Nepal, from the Philippines, and all over the world. We have taken it upon ourselves to make sure that art within the Guggenheim Abu Labi is showcased not just from a Western perspective, but a truly global South perspective.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Is a great question. The beautiful thing about the UAE and Abu Dhabi is we live with over 200 nationalities. And in doing so, they have become a part of the countries and the city's fabric. And we need to celebrate that. So we need to celebrate everybody's identity, everybody's background, everybody's heritage, everybody's history. And what a beautiful way in doing so in these beautiful institutions. These museums are educational institutions and they're community institutions. So we wanted to curate really a story where you come to Saudi Arabia Cultural District and if you allow me to curate the story, you start off at the Natural History Museum. And at the Natural History Museum, you get a glimpse and you get an understanding of how we came to be, how our earth came to be, how our universe came to be from a scientific perspective. Once you leave the Natural History Museum, you go to our national museum, the Sheikh Zaid National Museum. There you understand the history of this great land, not just the history of the country, but the people of this land that have”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Maybe, you know, currently we have one of the most beautiful paintings in our museums at the Luf Abu Budabi is Da Vinci's John the Baptist. And it's quite beautiful because the way we have the musography of the Louvre abu Dhabi is quite interesting because it gives you a one-to-one view of everything you're looking at, whether it's a painting, whether it's an artifact, it is very sort of inept in creating a passionate interaction with what you're looking at.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“My name But not by curatorial intent or by musography. So the Louvre Abu Dhabi, of course, is in partnership with the Louvre Paris and is in partnership with AFM, which is the Agent France Museums. That partnership is a long-standing partnership that continues to flourishes. In that partnership, there is a transfer of knowledge that's being transferred on a daily basis. There is loans that come from the different French museums. That's compounded with the acquisitions that we acquire for our assets and with the team building that we have created from the opening of this museum.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Through time, we've always utilized our natural resources, whether it's pearls, whether it's copper. We've always been a trade partner. Our ancient trade routes, whether it were ancient Mesopotamia to ancient China, we've always traded natural resources throughout time. We've always utilized that. And just like we've utilized oil, the next step is utilizing the most important natural resources, which is us people, human beings.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So oil was discovered prior to the formation of the country Was discovered, and when it was discovered, it was thought of how am I going to utilize this natural resources like we've always utilized our natural resources to find value, to create value for our people.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“The late founder of the country, the late father Sheikh Zayed and Hayyan. He was a visionary man through his vision you see this country being created that caters to the wants and needs of its people. And his story is continued on by his son, the current president, his Highness Shehamed bin Zayed.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“So I've been at Aldar for 20 years. And at the Department of Culture and Tourism, close to 10 years. And I'm very humbled and lucky to be working for a government that has visionary ideas, their vision of investing in culture and culture institutions have not just been set forth in recent modern times, but from the inception of this country. The idea of basically enhancing it with entertainment projects, projects that are theme parks, projects that are public parks, beaches, etc. has always continuously evolved through the development of the UE and Abu Labhabha.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“What makes this job very interesting is the passion it instills in myself and all of my colleagues. We have something quite special here in Abu Dhabi and the United Abirds. What's special is that the continuous pursuit of the enhancement of quality of life. And that's not just for tourists, it's for the residents, it's for the Emiratis living here. We continuously work hand in hand with all our colleagues and our partners to create experiences, to cater to their needs. So as you can see in Abu Dhabi and in the UAE, almost every single year there's addition of experiences, there's addition of institutions, additions of new concepts that come in and create these fantastic curated experiences for people to really cherish and enjoy.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“Abu Dhabi is the capital city of the United Arab Emirates. It sits on the Arabian Peninsula. We are a connecting point between East and West. From present day and throughout our history.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source
“People who want to see great art often go to the Louvre in Paris, but now there's another Louvre. It's in Abu Dhabi, and there's about to be a Guggenheim in Abu Dhabi as well. Who's behind building these museums and other cultural attractions at Abu Dhabi? It's Mohammed al-Mubarak. He's the chairman of the Department of Culture and Tourism in Abu Dhabi. And I sat down with him recently in his office to talk about why Abu Dhabi wants to be a major cultural center and tourist attraction.”
2024-12-05 · The David Rubenstein Show · Mohamed Al Mubarak · IDENTIFIED FROM THE TRANSCRIPT · source