Mubadala Investment Company today revealed its investment in Manipal Health Enterprises (Manipal), the second largest hospital chain in India.
Temasek, a global investment firm headquartered in Singapore, will continue to hold a majority stake in Manipal; According to a press release issued today, Monday.
Manipal provides care services through a multi-specialty care network that currently serves about 6 million patients a year through more than 30 hospitals across India, and employs more than 5,000 doctors.
Last September, Mubadala Investment Company officially opened its office in Beijing, in light of the consolidation of relations between the UAE and the second largest economy in the world.
Sources confirmed that Mubadala entered the Chinese market a few years ago, but was forced to postpone the opening ceremony of its office. Due to restrictions imposed during the Covid-19 pandemic.
The sources pointed out that although economic relations between China and the Gulf states are still based on interests in the energy sector, relations between the two sides have expanded with the region’s direction to improve infrastructure, technology and the financial sector.
