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Mubadala to invest ‘billions’ in Asia aerospace

Mubadala Development Company, an investment company owned by the Abu Dhabi government, has announced plans to invest 'billions of dollars' in Asia's aviation industry, reported Bloomberg citing an interview with Mubadala CEO Waleed Al Mokarrab Al Muhairi. The company will invest in companies that provide parts and maintenance to Boeing and Airbus, Al Muhairi said, adding that the 'shift of the center of gravity in the aerospace industry is moving ever eastward'.