Mubadala Development’s aerospace composites plant is on track to deliver parts to Airbus next year, marking the first step in Abu Dhabi’s goal of becoming a major supplier to the European plane maker in the next decade.
Mubadala, the strategic investment arm of the Abu Dhabi Government, officially unveiled its new aerospace subsidiary, Strata Manufacturing, yesterday and said the firm’s plant should be completed next summer.
Strata has won more than US$2 billion (Dh7.34bn) in work packages to date from Airbus, Italy’s Alenia Aeronautica and FACC of Austria, and hopes to add Boeing to the list. The unit is Mubadala’s vehicle to make Abu Dhabi a focal point in the global industry for high-tech composite aircraft parts, to transfer technological knowledge to the emirate and create high-value jobs for Emiratis.
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