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

Waleed Ahmed Al-Morkarrab Al-Muhairi, Mubadala’s chief operating officer, told the Financial Times the company was looking at heavy industrial type deals, as well as real estate.