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Abu Dhabi Firm Invests in Nexen

Autosphere » Tires » Abu Dhabi Firm Invests in Nexen

Nexen Tire aims to accelerate business expansion with new strategic partnership.

Nexen Tire and the Mubadala Investment Company, an Abu Dhabi strategic investment fund, signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

“This strategic partnership with Mubadala Investment Company is a significant milestone for Nexen Tire in our journey to becoming a global top 10 tire company by 2025,” said Travis Kang, CEO of Nexen Tire. “This collaboration will accelerate Nexen Tire’s growth in international markets.”

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