![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/Z7MAAKNZCY54KAVDVRZ3ALEHYQ.jpg?smart=true&auth=dde9c3cafd88a58b49c00c848e425f15f7c18233a1e9f1524dce1039131c9eb5&width=400&height=225)
Michael Klowden, chief executive of the Milken Institute, delivers his speech. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/BVFU66YB2EXHVRZBVHPADCT6PI.jpg?smart=true&auth=77d425bd3481c465564076bb00af580de2ca17ea6a612736d6ffa7cf814ec912&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/X6Q2MBYHUO4R425AV2QCHWYJZA.jpg?smart=true&auth=282ae841294f103d98c96ab3d2acb9a88cd29eb33ac9a8bafb3211471dab030f&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PZHLKH4GQTMRNU7N6W5SXABVDM.jpg?smart=true&auth=b49933b8ee0a4f070719d4037a1721ef25dcd9841bf4b197f1675568c6abbc11&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MJS2IHD4HUTFSQCQUNKMJRS45E.jpg?smart=true&auth=187dca53b928e0c35ada0f92a7c4c93aa3eac9a4aebcbdd96db99cd4276a15b5&width=400&height=225)
John Defterios, left, Emerging Markets Editor and Anchor of CNN, and Waleed Al Muhairi, right, Deputy Group CEO & Chief Executive Officer of Mubadala Investment Company. in conversation. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/2GROASWZ5DLTG3AEOORTQ5JQZE.jpg?smart=true&auth=faa3ef0d43ecbab0a4e938d0cb0ab7dc5f22fbd54a9c8ac2265e48a08f6ead45&width=400&height=225)
Attendees at the 2020 Milken Institute Middle East and Africa Summit. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/3Y4ULP7L2IQVYAQ63XUIJBJPZY.jpg?smart=true&auth=0eefb873a078595581d085fa4f51598f548ebaadbbc0afd6e46435e0f37627bc&width=400&height=225)
From left to right, John Defterios, Waleed Al Muhairi, Raymond Dalio, Chairman and Co-Chief Investment Officer at Bridgewater Associates, Dina Powell, Goldman Sachs partner and former advisor to the Trump administration, and Adam Boehler, chief executive of US International Development Finance Corporation. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/36VK6ADPQ5EBBDGKIWYHNC574A.jpg?smart=true&auth=cba0d35da010d5eaf30d488ffaefb79282f07c6b8bf53fcf0106d2f0ebf3d590&width=400&height=225)
Goldman Sachs partner and former advisor to the Trump administration, Dina Powell, right, speaks during the 2020 Milken Summit. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LW2T4FXIB7JVJP6ADLCKEYFOFM.jpg?smart=true&auth=7789cee65d1e6a4580d952a60f0e6f41ac59d28550dc038a20cbe02ade914eb3&width=400&height=225)
Raymond Dalio, co-chairman and co-chief investment officer of investment firm Bridgewater Associates. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/Z7MAAKNZCY54KAVDVRZ3ALEHYQ.jpg?smart=true&auth=dde9c3cafd88a58b49c00c848e425f15f7c18233a1e9f1524dce1039131c9eb5&width=400&height=225)
Michael Klowden, chief executive of the Milken Institute, delivers his speech. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/BVFU66YB2EXHVRZBVHPADCT6PI.jpg?smart=true&auth=77d425bd3481c465564076bb00af580de2ca17ea6a612736d6ffa7cf814ec912&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/X6Q2MBYHUO4R425AV2QCHWYJZA.jpg?smart=true&auth=282ae841294f103d98c96ab3d2acb9a88cd29eb33ac9a8bafb3211471dab030f&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PZHLKH4GQTMRNU7N6W5SXABVDM.jpg?smart=true&auth=b49933b8ee0a4f070719d4037a1721ef25dcd9841bf4b197f1675568c6abbc11&width=400&height=225)
Michael Milken, Chairman of the Milken Institute, and Khaldoon Al Mubarak, right, chief executive of Mubadala Investment Company, speak during the 2020 Milken Institute Middle East and Africa Summit at St Regis Saadiyat Island Resort in Abu Dhabi. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MJS2IHD4HUTFSQCQUNKMJRS45E.jpg?smart=true&auth=187dca53b928e0c35ada0f92a7c4c93aa3eac9a4aebcbdd96db99cd4276a15b5&width=400&height=225)
John Defterios, left, Emerging Markets Editor and Anchor of CNN, and Waleed Al Muhairi, right, Deputy Group CEO & Chief Executive Officer of Mubadala Investment Company. in conversation. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/2GROASWZ5DLTG3AEOORTQ5JQZE.jpg?smart=true&auth=faa3ef0d43ecbab0a4e938d0cb0ab7dc5f22fbd54a9c8ac2265e48a08f6ead45&width=400&height=225)
Attendees at the 2020 Milken Institute Middle East and Africa Summit. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/3Y4ULP7L2IQVYAQ63XUIJBJPZY.jpg?smart=true&auth=0eefb873a078595581d085fa4f51598f548ebaadbbc0afd6e46435e0f37627bc&width=400&height=225)
From left to right, John Defterios, Waleed Al Muhairi, Raymond Dalio, Chairman and Co-Chief Investment Officer at Bridgewater Associates, Dina Powell, Goldman Sachs partner and former advisor to the Trump administration, and Adam Boehler, chief executive of US International Development Finance Corporation. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/36VK6ADPQ5EBBDGKIWYHNC574A.jpg?smart=true&auth=cba0d35da010d5eaf30d488ffaefb79282f07c6b8bf53fcf0106d2f0ebf3d590&width=400&height=225)
Goldman Sachs partner and former advisor to the Trump administration, Dina Powell, right, speaks during the 2020 Milken Summit. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LW2T4FXIB7JVJP6ADLCKEYFOFM.jpg?smart=true&auth=7789cee65d1e6a4580d952a60f0e6f41ac59d28550dc038a20cbe02ade914eb3&width=400&height=225)
Raymond Dalio, co-chairman and co-chief investment officer of investment firm Bridgewater Associates. EPA
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/Z7MAAKNZCY54KAVDVRZ3ALEHYQ.jpg?smart=true&auth=dde9c3cafd88a58b49c00c848e425f15f7c18233a1e9f1524dce1039131c9eb5&width=400&height=225)
Michael Klowden, chief executive of the Milken Institute, delivers his speech. EPA
Mubadala looks to boost investment in medical technology and life sciences
The company is pivoting to the technology industry as it repositions its portfolio of assets
Michael Fahy
11 February, 2020
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