Mubadala to Start Work on Multi-Billion $ Aerospace Park

09.05.2014 UAE
Mubadala to Start Work on Multi-Billion $ Aerospace Park

Mubadala to Start Work on Multi-Billion $ Aerospace Park

Facebook icon
Twitter icon
LinkedIn icon
Google icon
e-mail icon

Abu Dhabi's Mubadala Development Company has started work on the infrastructure of Phase 1 of its planned multi-billion dollar aerospace city in Al Ain in the United Arab Emirates (UAE).

The company has sought Expression of Interest (EoI) for the “design and build” contract for the infrastructure work of Nibras Aerospace Park, which will be spread over 25 sq km near the Al Ain International Airport, the Emirates 24/7 report said.

Nibras Al Ain Aerospace Park in Abu Dhabi’s city of Al Ain is being jointly created by Mubadala Aerospace and Abu Dhabi Airport Company (ADAC).

This multi-faceted development will support the establishment of a sustainable aerospace industry in the Emirate with a vision to become a global benchmark in aerospace recognized for knowledge driven innovation, respected for dynamism, and renowned for its passion to nurture integrated partnerships across the supply chain.

These two organizations are working together in alignment with the Abu Dhabi Economic Vision 2030 delivering on their respective mandates to diversify the local economy and develop and operate the Emirate’s air gateways.

Mubadala Aerospace has already developed an asset portfolio encompassing growing global MRO providers, a manufacturing base focused on aerostructures and original equipment manufacturers (OEM) capabilities, and an integrated pilot training academy.

Nibras Al Ain Aerospace Park’s strategy is based on leveraging Mubadala Aerospace’s existing assets, as well as opening its doors to other international aerospace organizations and key industry leaders outside of the Mubadala Aerospace network, and developing opportunities that are knowledge and energy-intensive with education and training, and research and development major focal points to its global endeavors.

Nibras Al Ain Aerospace Park spans 25 square kilometers and will consist of industrial projects, business, and office facilities, and mixed-use residential zones complemented with world-class community services and amenities, with five square kilometers specifically allocated to the aerospace industry.
 
 

Latest Issues

 



THE WORLD DEFENSE ALMANAC

 

Latest events