BEIJING - China has become "a fascinating place for foreign investors" with competitive entrepreneurship and rising tech industries, Mubadala CEO said Thursday.

Khaldoon Khalifa Al Mubarak, group CEO and managing director of the Mubadala Investment Company, made the remarks at the ongoing New Economy Forum held in Beijing.

The Abu Dhabi-based investor said that technology, life sciences and transportation, among other areas, are the sectors in China that attract most of his interest from a global investor's perspective.

"I've seen China become much more open toward foreign direct investment," said Al Mubarak, citing the continuous evolution of the Chinese market.

In the eye of Al Mubarak, China's private sector, driven by talented entrepreneurs, has nurtured multiple phenomenal tech giants including Tencent and Alibaba.