Mubadala Aerospace will explore partnership opportunities with Malaysian aerospace firm.
Abu Dhabi's Mubadala eyes Malaysia aerospace tie-up
Mubadala Aerospace will explore opportunities with Malaysia's National Aerospace and Defence Industries (NADI) covering training as well as aircraft manufacturing, design and assembly, the Abu Dhabi-based firm said.
Mubadala Aerospace aims to make Abu Dhabi a major regional hub for the aviation industry and is also targeting expansion activities in the Asia Pacific, a region expected to see robust airline growth in the coming decades.
"Governmental cooperation agreements in important geographies such as Malaysia complement our tie-ups with world leading private sector companies," said Homaid al Shemmari, the executive director of Mubadala Aerospace. The agreement was signed today during the Invest Malaysia forum in Abu Dhabi, in the presence of the Prime Minister of Malaysia.
The agreement will help Mubadala Aerospace "we drive forward the development of Abu Dhabi as a global aerospace hub, and create future educational and employment opportunities in the Emirate," Mr al Shemmari said.
Mubadala Aerospace is a unit of Mubadala Development, the strategic investment company owned by the Abu Dhabi Government.
It said the memorandum of understanding will help the two parties "explore mutually beneficial opportunities in the areas of joint metallic and composite aerostructures design, manufacturing and assembly, as well as the potential implementation of joint training programs for aerospace engineers and technicians."