Abu Dhabi's investment vehicle Mubadala plans to invest around Dh60 billion ($16.3 billion) in 2011, nearly four times the average amount it deployed over the last three years, its bond prospectus showed.

The unlisted investment group, which holds stakes in Advanced Micro Devices, General Electric and private equity firm Carlyle, held investor roadshows in Abu Dhabi and Dubai on Sunday.

'The group currently anticipates that its capital and investment expenditure for 2011 is likely to be in the region of Dh60 billion,' the prospectus seen by Reuters said.

Mubadala, which reports its results on a semi-annual basis, spent an average of Dh16.4 billion for the past three years.

A substantial portion of the anticipated capital and investment expenditure over the next four years is expected to relate to its subsidiary Advanced Technology Investment Company (ATIC), Mubadala GE Capital, the Masdar project, certain real estate developments and some public-private partnership (PPP) projects, the prospectus said.

As of December 31, 2010, the group's committed capital and investment expenditure was Dh37.9 billion.

Mubadala's funding for its future spending will be met through capital contributions from the government, borrowings from third parties and internally generated cash flow.

Since it was set up, Mubadala has received Dh61.1 billion as capital contributions from the government as at December 31, 2010. A further capital of Dh37.8 billion has been approved by the government for 2011, the prospectus said.

'Should there be a shortfall in the funds required by the group in order to fulfill its business objectives for the year, the company may have to request additional funds from the government during the course of the year,' it added.

Mubadala had reported a loss of Dh315 million in 2010 mainly due to market writedowns.-Reuters