Boeing is set to enter a strategic pact with Mubadala, the Abu Dhabi Government-owned investment firm, a senior Boeing Executive said.

 

The two companies began exploring ways of working together two years ago but have been in talks at the Dubai Air Show this week that could lead to co-operation in high-tech activities.

'We are in a set of discussions to increase work in areas like engineering, research and development and a number of other areas we will look to develop over the next few months with them,' Shepherd Hill, Boeing's Vice President of Strategy and President of Boeing International told Reuters.

'Over the next few days you might see something coming out with Mubadala,' he said.

Mubadala has been investing progressively in aerospace deals to boost the Abu Dhabi economy and said last week it would launch an aerospace components maker that is expected to produce advanced composites for firms including Boeing's rival Airbus.