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July 2007 edition

Mubadala aerospace development plans embrace composites

Abu Dhabi’s strategic investment and development specialist Mubadala Development Company PJSC (Mubadala) is forging an alliance with Boeing to accelerate development of the emirate’s emerging aerospace sector.

Mubadala’s entry into aerospace investment marks a major change of emphasis, says coo Waleed Al Mokarrab Al Muhairi. “Until now, the region has been a very large purchaser of aircraft, but has not played a significant role in aerospace investment. It is a sign of the Arab Gulf states’ growing self-confidence that Abu Dhabi, which already has a track record of aviation assets, plans to be a very active producer and investor in the industry.”

Mubadala has also signed an MOU with Lockheed Martin that will see the two organisations collaborate on various aerospace activities and projec....

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