Boeing and Mubadala sign partnership agreement

The companies intend to develop “mutually-beneficial initiatives” in areas where there is strategic alignment between the two companies, including composite manufacturing, engineering, research and development, commercial maintenance, repair and overhaul, military maintenance and sustainment, pilot training and people development.

Boeing and Mubadala confirmed the announcement was the start of a long-term mutual commitment as part of the Emirate’s economic diversification plans.

Homaid Al Shemmari, associate director of Mubadala Aerospace, said: “We are delighted by Boeing’s commitment to this agreement. Mubadala’s strategy is to make Abu Dhabi a global aerospace hub based around manufacturing, MRO, education and training.

“Our partnership with Boeing is directly aligned to this strategy and will integrate with existing plans, enabling us to develop mutually beneficial opportunities for both parties.

“Building Abu Dhabi’s aerospace industry directly supports our mandate to create a high-tech, knowledge intensive economy, and provide career opportunities for the current and future UAE workforce.”