Ambassador Yousef Al Otaiba and HE Khaldoon Al Mubarak, Managing Director and Group CEO at Mubadala, joined President Trump, senior administration officials and US business leaders at Senator David McCormick's inaugural Pennsylvania Energy and Innovation Summit. At the Summit, Mubadala announced a reinvestment in Pennsylvania-based PCI Pharma Services (PCI), building off the company’s acquisition of PCI in 2020.
On the sidelines of the Summit, UAE officials held productive meetings with US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and AI Czar David Sacks to advance implementation of the US-UAE AI Acceleration Partnership.
Why This Matters
UAE companies, from Mubadala to ENEC, are actively investing in Pennsylvania. The U.S.-UAE AI Acceleration Partnership promotes state-level investment across key industries like tech and energy. While at the Summit, HE Khaldoon Al Mubarak reinforced Mubadala’s commitment to investing in America, particularly across AI, noting that over 40% of the company’s portfolio is currently invested in the US.
“Mubadala has been investing for many, many years in the United States…Over 40% of our portfolio is here in the US.” – HE Khaldoon Al Mubarak, Source