Wednesday, July 25, 2012

Strata targets assembling 8-14 seat passenger plane in Abu Dhabi by 2018: Aviation industry’s contribution to Abu Dhabi’s GDP to increase to 3% by 2030

Abu Dhabi: Strata Manufacturing, a Mubadala Aerospace’s composite aero-structures plant, is targeting assembly of an 8-14 seat passenger plane for businessmen by 2018 in Abu Dhabi in cooperation with Piaggio Aero of Italy. 

Delivering a lecture titled “Strata and the aviation industry in Abu Dhabi from vision to reality”, Homaid Al Shemmari, executive director of Mubadala Aerospace’s Business Unit, said “Our investments in Strata is about Dh850 million and we have contacts of Dh7 billion until 2020.”

Al Shemmari added: “We are eyeing an increase in aeronautical industries’ contribution to Abu Dhabi’s GDP from 1-3 per cent by 2030. We also plan to create up to 10,000 new jobs by 2030 as Strata is transforming itself into an aviation hub.   “Strata’s 230,000 square foot facility is located at the Al Ain Aerospace Centre at Abu Dhabi’s Al Ain International Airport,” he pointed out.

“The steady and rapid upsurge in contracts from the world’s largest planemakers reveal that the Dh850 million factory project is starting to pay off,” he said.

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