Mubadala Development Company, the Abu Dhabi-based investment and Development Company, is showcasing its growing aerospace capabilities at this year’s Farnborough International Airshow, one of the largest international aviation events. This year marks the 50th edition of the Airshow which is held from 11-17 July in Farnborough, United Kingdom.
Mubadala is attending the event alongside assets from its Aerospace and Engineering services portfolio, including Piaggio Aerospace, Sanad Aero Solutions and Strata Manufacturing.
Homaid Al Shimmari (photo), CEO of Aerospace and Engineering Services at Mubadala, commented: “Farnborough International Airshow is one of the leading global aviation events and we are proud to attend with our partners to showcase the growing aerospace capabilities in Abu Dhabi, with 10,000 jobs expected to be created between now and 2030 in the sector alone. The landmark edition of the Airshow provides valuable opportunities to highlight our incredible growth in developing an aerospace hub in Abu Dhabi with key customers and stakeholders.”
In line with the Abu Dhabi government’s vision of a diversified economy, Mubadala is dedicated to establishing an aerospace hub in Abu Dhabi. Nibras Al Ain Aerospace Park, the joint venture between Mubadala and Abu Dhabi Airports Company (ADAC), is the key catalyst driving the establishment of a world class aerospace center in the Emirate. The development will be an industrial platform for manufacturing and maintenance facilities, education and training institutions and research and development facilities.
Mubadala is continuing to become a key player in the global aerospace industry and works with its partners to develop a range of services to meet the needs of customers across the entire supply chain, including manufacturing; maintenance, repair and overhaul (MRO) and leasing solutions.
Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi’s economy, and create opportunities for current and future generations in the United Arab Emirates.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
