Abu Dhabi-based Mubadala Investment Company is reportedly set to join a US-led global consortium aimed at strengthening energy and critical mineral supply chains.
Other participants in the consortium include SoftBank Group and Temasek Holdings, according to a report by Bloomberg, citing Jacob Helberg, Undersecretary for Economic Affairs at the US State Department.
Helberg stated that the United States plans to contribute USD250M to the consortium, which it will oversee and manage.
He added that the fund will prioritise investments that secure access to energy resources and rare earth materials for the US and its strategic partners.
The initiative forms part of the broader US-led Pax Silica programme, which has recently expanded to include energy infrastructure projects following disruptions linked to Iran’s blockade of the Strait of Hormuz, the report noted.
Introduced in December, Pax Silica is designed to support the full supply chain ecosystem, spanning critical minerals, energy, advanced manufacturing, semiconductors, AI infrastructure, and logistics. Member countries include the UAE, Qatar, the UK, Japan, India, South Korea, and Singapore.
