GE 2008 Annual Report Download - page 14

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Positioning through partnerships.
GE Capital Finance
As GE Capital Finance moves toward a smaller and more focused structure, strategic
partnerships and joint ventures will play a greater role in helping GE capitalize on
market-specific opportunities. GE’s multifaceted partnership with Mubadala Development
Company in Abu Dhabi, United Arab Emirates, is a powerful example of how this
new approach will strengthen our position. Building on a strong existing relationship, GE
and Mubadala will create a jointly owned global financial services business combining
Mubadala’s expertise in regional investment opportunities with GE’s global origination
excellence. GE Capital Finance and Mubadala will each commit $4 billion in equity to
the venture with targeted assets in excess of $40 billion. The partnership also provides
new higher-return investment opportunities in infrastructure investment, clean energy
and water R&D, aviation, energy support, and our first ever corporate learning program
in the Middle East and Africa.
Abu Dhabi, United Arab Emirates
On the construction site for Masdar City, the world’s
first carbon-neutral, zero-waste city powered by
renewable energy, where GE’s first ecomagination
center is to be built. GE and Mubadala (main photo)
discuss high growth opportunities in Abu Dhabi.