Mubadala, the Abu Dhabi-owned investment company, yesterday signed a five-year research and development agreement with Boeing.
The two companies said they would cooperate on robotics and aircraft assembly research.
Boeing will conduct research at the Masdar Institute of Science and Technology and at Khalifa University. In 2013, Mubadala signed a deal with Boeing to sell up to US$2.5 billion in composites to the aircraft manufacturer for aircraft, including the 777X and 787 Dreamliner.
The previous year, the Mubadala subsidiary Strata Manufacturing signed a $1bn, 10-year deal with Boeing for the construction of parts for the Boeing 777 and 787 Dreamliner at its Al Ain manufacturing facility.
The UAE’s defence offsets policy means the foreign suppliers to the government must contribute economically to the country beyond the sale of equipment.
Aldar’s $2.1bn Raha Beach was partially financed by a consortium of defence contractors looking to satisfy government offset requirements, said the Financial Times.
“As we look to support Abu Dhabi’s economic diversification efforts and build a knowledge-based economy across the UAE, the development of new technology is crucial for a long-term sustainable industry,” said Homaid Al Shemmari, the chief executive of aerospace and engineering at Mubadala.
“This agreement positions us for further collaboration in research and development, especially as Strata steadily matures its business with Boeing.”
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