$1bn aerospace cluster for Al Ain

Abu Dhabi firms will this week reveal details of a US$1 billion (Dh3.67bn) aerospace cluster in Al Ain and several Gulf carriers will make major orders at an otherwise subdued Paris Air Show beginning tomorrow.

Mubadala Development, the investment arm of the Government, and Abu Dhabi Airports Company (ADAC) are jointly developing a centre in and around Al Ain International Airport for aerospace manufacturing and services firms.

ADAC is due to sign a partnership with bavAIRia Aerospace Cluster, a German business association, to develop the centre. “We look forward to making a number of significant announcements here at the show,” said Khalifa al Mazrouei, the chairman of ADAC.