Mubadala, Abu Dhabi's increasingly active state investment vehicle, is expected to announce new deals in the next four to six weeks as it seeks to take advantage of continuing financial turmoil in global markets, including opportunities in the depressed US real estate market.

Waleed Ahmed al-Mork-arrab al-Muhairi, Mubadala's chief operating officer, told the Financial Times that the company was looking at heavy industrial type deals, as well as real estate.