Abu Dhabi's Sovereign Fund Solidly Behind Mubadala Aerospace
Abu Dhabi is determined to succeed in aerospace, but not at all costs.
Homaid Al Shemmari, chief executive of Mubadala Aerospace, wants the company to assume a lead role in research and development.
Homaid Al Shemmari, chief executive of Mubadala Aerospace, wants the company to assume a lead role in research and development.

Abu Dhabi is determined to succeed in aerospace, but not at all costs. Mubadala, the emirate’s $45 billion sovereign wealth fund, set up an aerospace division in 2006. The plan is for it to break even by 2013, but some latitude is possible on this goal, if the group secures the right partnership opportunities to support its plan to spend around $1 billion building another new facility here in the United Arab Emirates.