Mubadala recently announced a partnership with Solvay, finalized at the recent Farnborough International Airshow, to create a joint venture that will be the first manufacturer in the UAE of “prepeg” composite materials.
Prepeg materials are used in the aerospace industry. The new venture will take up office in the center of Abu Dhabi’s growing aerospace hub.
Mubadala believes the partnership strengthens its status as an innovator in the aerospace manufacturing realm and develops its manufacturing capabilities in Abu Dhabi -- a move that will contribute to the nation’s continued economic development.
Mubadala also noted that the venture will create jobs for Emirati engineers, pairing them alongside existing talent at the companies.