The Emirati investment company Mubadala revealed its investment in a urea fertilizer production plant belonging to the Australian company Perdaman, along with the Global Infrastructure Partners fund. The value of the factory is 6.4 billion Australian dollars, equivalent to 4.2 billion US dollars.

The urea fertilizer production plant is the largest plant of its kind in Australia, and one of the largest urea plants in the world.

The project represents the largest investment ever in the Australian fertilizer industry. It is expected to produce more than two million tons of urea fertilizer annually.

The factory will contribute to meeting the growing demand for high-quality fertilizers. This reduces Australia's dependence on imports and supports its efforts to ensure food security for up to 90 million people.

Saed Arar, Executive Director of the Conventional Infrastructure Unit at Mubadala, said: “This project is consistent with the responsible investment approach that we follow at Mubadala, as it contributes to achieving food security at the national and regional levels, while at the same time reducing the carbon footprint of urea production.”

In 2021, Mubadala recorded a record total comprehensive income of 122 billion dirhams, equivalent to $33.2 billion, but said it no longer adopts this indicator for measurement.

Mubadala stated that its portfolio mix remained largely the same year-on-year; The percentage of direct and indirect private investment reached 36%, the percentage of investment in public markets was 27%, and in real estate and infrastructure 15%.