Boeing-Airbus Invest $5 Billion in U.A.E. as Gulf Orders Climb - Bloomberg

Boeing-Airbus Invest $5 Billion in U.A.E. as Gulf Orders Climb - Bloomberg:

"Boeing Co. (BA) and Airbus SAS each awarded manufacturing contracts worth $2.5 billion to Abu Dhabi-based Mubadala Aerospace as jet orders from carriers in the Middle East increasingly dominate order books.
The twin deals will triple the size of Mubadala’s Strata aerostructures plant and could prompt it to open a new site in the U.S., China or India, depending on the parts required, Strata Chief Executive Officer Badr Al-Olama said today."

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