A Ferrari statement read:
Ferrari is proud to announce it has established a sponsorship agreement with Mubadala Development Company, an investment company owned by the Government of the Emirate of Abu Dhabi. In July 2005, Mubadala Development purchased a five percent stake in Ferrari
from Mediobanca of Italy. The Mubadala logo will feature on the Ferrari cars that will compete in the Formula 1 World Championship, as well as on the drivers’ caps.
“We are pleased to have reached a sponsorship agreement with such a dynamic company as Mubadala, with whom we share important values such as the research into innovation and a passion for our work,” said Ferrari C.E.O. Jean Todt. Furthermore, this agreement strengthens our ties with the Emirate of Abu Dhabi, where a Ferrari theme park is being
created in a State located in a region in which interest in Formula 1 is growing ever stronger.”