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Mubadala to build aerospace composite plant

Mubadala Development Company (Mubadala), an Abu Dhabi-based business development and investment company, has unveiled its plans to build a composite aerostructures plant.

  • United Arab Emirates: Tuesday, July 15 - 2008 at 12:48
  • PRESS RELEASE




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Phase one of the plant, which is the first of its kind in the region, is scheduled to be built by early 2010. Mubadala is investing $161m in the first phase of the plant and by completion of the three phases will have invested $500m in the facility.

The plant will manufacture hi-tech aerostructures composite components and assemblies in the Emirate. The plant will initially manufacture components such as spoilers and flap-track fairings then evolve into developing primary structures. The innovative lightweight components are substantially weight-saving, which contributes towards making the aircraft more efficient and cost-effective.

This first phase of the new plant is expected to provide nearly 400 job opportunities in the Emirate, with further expansion plans for the future. It will develop local capabilities to ensure the effective transfer of knowledge and skills and the use of increasing levels of technology.

'Abu Dhabi is building an aerospace industry that provides a new hub linking East and West. Mubadala has been establishing critical businesses to create a comprehensive aerospace sector. Today's announcements take these activities to a new level which is good news for our partners, for Abu Dhabi and for customers,'



said H.E. Khaldoon Al Mubarak, Chief Executive Officer and Managing Director of Mubadala.

'The composite plant joins Mubadala's portfolio of aerospace companies that encompasses areas of the industry including MRO (Maintenance, Repair and Overhaul), manufacturing, research and development, and education and training,'



said Homaid Al Shemmari, Director of Mubadala Aerospace.

'The plant is an important development in the synergy of these areas and in the creation of a robust aerospace industry in Abu Dhabi,' he added.




Notes and media contacts

About Mubadala Development Company:
Mubadala Development Company (Mubadala) is a Public Joint Stock Company headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on developing and managing an extensive and economically diverse portfolio of commercial initiatives. It does this either independently or in partnership with leading international organizations. Mubadala's commercial strategy is fundamentally built on long term capital intensive investments that deliver strong financial returns.

The company manages a multi-billion dollar portfolio of local, regional, and international investments, projects and initiatives. Through its investment and development projects, Mubadala is both a catalyst for, and a reflection of, the drive for economic diversification of the Emirate of Abu Dhabi.

Its impact is evident domestically and internationally in sectors such as energy, aerospace, real estate, healthcare, technology, infrastructure, and services.

Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.

For further information, please contact:
J. Jacquelyn Miller
Corporate Communications Manager
Mubadala Development Company
T: +9712 413 0005
F: +9712 413 0001
M: + 97150 812 1626
Siba Sami Ammari Posted by Siba Sami Ammari
Tuesday, July 15 - 2008 at 12:48 UAE local time (GMT+4)

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