Abu Dhabi companies announce plans
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnboro

In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show. The deals will launch tier-one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.

EADS and local sovereign wealth fund Mubadala signed an agreement under which the European manufacturer will use the Middle East as a supply base and develop local production capability. The deal is expected to generate around $1 billion in revenues for Mubadala’s aerospace division over the next 10 years.