Mubadala Investment Company, the Abu Dhabi-based strategic investment firm with US$127 billion in assets, has signed a memorandum of understanding with US industrial conglomerate Honeywell International to partner on launching products and services in the aerospace sector.
The two companies will collaborate to introduce a range of products and services for the manufacturing, development and maintenance, repair and overhaul of aerospace products across the Middle East region, Mubadala said in a statement.
"Mubadala and Honeywell intend to establish Middle East capability for three major Auxiliary Power Units (APUs), including spares pool management, predictive maintenance and associated connectivity," said Badr Al Olama, director of aerospace at Mubadala. "In addition, the alliance intends to explore facilitating aircraft engine and component leasing, as well as next generation air traffic management solutions, and the manufacturing of advanced materials in the region."
The agreement will lead to collaboration between Honeywell and Mubadala units, including Strata Manufacturing, Turbine Services & Solutions and Sanad Aero Solutions.
“As Mubadala continues to invest in an agile and advanced ecosystem of aerospace products and services, our relationship with Honeywell, a Fortune 100 company, gives us access to a leading suite of high-tech offerings that will help differentiate our next phase of growth,” Badr Al-Olama, director of aerospace at Mubadala. “Bringing these regional firsts to the heart of Abu Dhabi’s thriving aerospace hub, alongside a world-class company such as Honeywell, aligns with our commitment to leading-edge, competitive aerospace offerings.”
Mubadala is beefing up its aerospace capabilities as it seeks to create new revenue streams for Abu Dhabi, which is diversifying income away from oil.
“We are proud to work with Mubadala to build local capability through advanced manufacturing and MRO services,” said Norm Gilsdorf, president, Honeywell Middle East, Russia, Turkey and Central Asia, “This alliance represents an important step forward for the regional industry. Together, we can deliver solutions that build a safer, smarter, more sustainable, and more connected world.”
Killing of Qassem Suleimani
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
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Medicus AI
Started: 2016
Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh
Based: Vienna, Austria; started in Dubai
Sector: Health Tech
Staff: 119
Funding: €7.7 million (Dh31m)
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THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
