SailGP has announced a new partnership with the Abu Dhabi-based Mubadala Investment Company.
The updated agreement sees Mubadala become a global series partner, building on a two-year tenure as the SailGP season grand final title partner in San Francisco.
The new deal will span three years, expiring at the end of the 2026 season.
According to a statement, the partnership will focus on three main pillars: ‘building a more sustainable future through collective efforts in sport and business, connecting responsible investment with cutting-edge technology and innovation to drive forward new ideas, and collectively promoting STEM education and sports at all levels to create pathways for talent to thrive.’
Aligning with the third pillar, Mubadala will also become a global partner of SailGP Inspire, the global league’s gender-balanced youth and community engagement programme that aims to ‘build a more inclusive sport from the ground up while promoting diversity, inspiring change and accelerating inclusion.’
Mubadala’s will also become the title partner for the new-look New York Sail Grand Prix on 22nd June to 23rd June 2024.
Homaid Al Shimmari, Deputy Group Chief Executive Officer and Chief Corporate & Human Capital Officer at Mubadala Investment, said, “Mubadala is pleased to be working with SailGP in a partnership which brings together two trailblazing organizations. The United Arab Emirates has a long heritage of sailing, which began when wooden dhows set out from Abu Dhabi to trade with the world.
“Like SailGP, Mubadala aims to make waves, by being a responsible investor and contributing to finding solutions to global challenges. We are also proud to be the global partner of SailGP’s Inspire program, promoting Science, Technology, Engineer, and Mathematics for youth and providing opportunities for future leaders and athletes.”
Andy Thompson, Managing Director at SailGP, added, “After a successful two years of working closely with Mubadala, we are excited to have them now join us on a global scale – making an impact that will take this partnership to the next level. By working together to drive climate positive solutions and empower change in communities where we race around the world through our ground-breaking Inspire Program, I am confident that we can accelerate our goals and jointly create a better sport and a better planet.”
