ABU DHABI, Feb 28 Reuters Abu Dhabi39;s Mubadala Investment Co will deploy significant capital into artificial intelligence and space technology this year, its managing director said on Wednesday, committing the sovereign wealth fund to investing more in the United States.

Khaldoon Mubarak told an investor conference in Abu Dhabi that sovereign wealth funds had an opportunity and responsibility to transform from asset investors to enablers of global progress.

We plan to invest more in the U.S. market and deepen strategic and forwardlooking investment products in the UK, Europe, France, he said.

Mubadala, which controls 276 billion of assets, would also invest in healthcare, digital infrastructure and financing this year, Mubarak said, and had increased longterm allocations for Asia.

We are in the business of driving progress and investing in solutions to global challenges, he said.

The governmentcontrolled fund was also scaling to participate in the longterm, dynamic markets in Asia, Mubarak said, as the sovereign fund focused on megatrends and global demographics.

We39;ve increased our longterm allocations for Asia, including Japan, China, Korea and, of course, India, he said.

Mubarak did not specify how much capital Mubadala would deploy this year into the United States, China or elsewhere.

The increased longterm allocation to Asia suggests Mubadala is betting that China39;s economic slowdown will not last and that it sees significant investment…