The Arabs Are Coming, the Arabs Are Coming

This just in: General Electric and the government of Abu Dhabi announced an $8 billion joint venture for commercial finance in the Middle East. Through Abu Dhabi’s investment arm Mubadala, the emirate will contribute $4 billion and GE the other $4 billion, growing to $40 billion in the coming years, with the aim of supporting various energy and infrastructure projects in the region, including an aggressive plan to sponsor green, clean and sustainable water and energy plants. As part of that, the fund will support several projects in Abu Dhabi’s Masdar City, a utopian project to build a carbon-neutral city in the desert.

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