PARIS // Mubadala Development, the investment arm of the Abu Dhabi Government, announced a comprehensive alliance with General Electric Aviation at the Paris Air Show yesterday for jet engine maintenance and repair.
Under the deal, workers at Mubadala and its two affiliate companies in the maintenance, repair and overhaul business, Abu Dhabi Aircraft Technologies (ADAT) and SR Technics, which has its headquarters in Zurich, will be trained and certified to undertake heavy maintenance on General Electric's (GE) existing and new civilian and military engines, opening up extra business opportunities for the two firms.
The agreement fixes a missing link in Mubadala's plans to develop a world-class hub for aerospace services and manufacturing in the emirate, and builds on an alliance with GE created last year covering finance, clean energy, leadership and training and aerospace.
"This new agreement with GE finalises one of the remaining aspects of our strategic partnership," said Homaid al Shemmarri, the associate director of aerospace at Mubadala.
Mubadala will become the world's first maintenance, repair and overhaul provider for GE's GEnx engines, which were developed for Boeing's 787 Dreamliner and its 747-8, both of which are expected to enter into commercial service next year.
Beginning in 2013, ADAT, which is based at Abu Dhabi International Airport, will become a network provider for the GEnx engines for the Middle East and North Africa region, GE said. Workers at SR Technics, which is 70 per cent owned by Mubadala, will receive the same training and certification on GE engines as workers at ADAT.
Mubadala's two affiliates have strong capabilities in the maintenance and repair of commercial airframes as well as components, which include landing gear and other aircraft fittings. However, its capabilities in the engine maintenance and repair sector are more modest, Mr al Shemmarri said. "The GE deal hits the mark for us there," he said.
David Joyce, the chief executive of GE Aviation, said the deal would help his company improve the service it provided to airline customers in the region including Etihad Airways, which this week purchased engines for 35 Boeing 787s and 10 Boeing 777s, in addition to signing a maintenance contract, in a deal worth a collective US$3.9 billion (Dh14.32bn).
"After-the-sale support is one of the biggest strategic questions as an engine maker," Mr Joyce said. "Guys like Mubadala, which has an absolute passion for aerospace, are perfect partners for us in a global sense."
Engines covered under the agreement include the F110 family of jet engines for the F-16 fighter plane, whose customers include the UAE Air Force. ADAT and SR Technics will also be given instructions and certification for engines produced by CFM, a joint venture between GE and the French engine maker Snecma.
Mubadala is also an investor in GE, having amassed 65.8 million shares in the company as of March, a 0.62 per cent stake, with ambitions to become a top 10 shareholder in the engine manufacturer.
The two companies are developing an $8bn commercial finance company together, as well as co-operating in a joint vocational project, the Abu Dhabi Leadership and Development Centre.
While most of the training GE provides will be on-the-job, Mr al Shemarri expressed the hope that an indirect benefit of the new developments would be to encourage more UAE nationals to take up careers in science and engineering. The development of the Emirati workforce is a cornerstone of Mubadala's philosophy.
"We're hoping that with this announcement that we can grab the attention of the young generation so they can see there are high-value career opportunities within the aerospace industry," Mr al Shemmarri told reporters yesterday. Currently, there are roughly 400 UAE nationals graduating each year in the science and engineering fields, he said.
Mubadala's partnership with GE is the latest in a series of agreements and alliances the Emirati organisation has signed with the world's largest aerospace and defence firms, including Rolls-Royce, Airbus, Northrop Grumman and Finmeccanica, as part of its plan to transfer technology and know-how to Abu Dhabi.
igale@thenational.ae
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Continental champions
Best Asian Player: Massaki Todokoro (Japan)
Best European Player: Adam Wardzinski (Poland)
Best North & Central American Player: DJ Jackson (United States)
Best African Player: Walter Dos Santos (Angola)
Best Oceanian Player: Lee Ting (Australia)
Best South American Player: Gabriel De Sousa (Brazil)
Best Asian Federation: Saudi Jiu-Jitsu Federation
The Transfiguration
Director: Michael O’Shea
Starring: Eric Ruffin, Chloe Levine
Three stars
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Company%20Profile
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Company%20profile
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Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
COMPANY%20PROFILE%20
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UAE%20SQUAD
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The%20pillars%20of%20the%20Dubai%20Metaverse%20Strategy
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY%20PROFILE
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Zombieland: Double Tap
Director: Ruben Fleischer
Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone
Four out of five stars
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
Tour de France
When: July 7-29
UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland
Racecard
6.35pm: American Business Council – Maiden (PA) Dh80,000 (Dirt) 1,600m
7.10pm: British Business Group – Maiden (TB) Dh82,500 (D) 1,200m
7.45pm: CCI France UAE – Handicap (TB) Dh87,500 (D) 1,400m
8.20pm: Czech Business Council – Rated Conditions (TB) Dh105,000 (D) 1,400m
8.55pm: Netherlands Business Council – Rated Conditions (TB) Dh95,000 (D) 1,600m
9.30pm: Indian Business and Professional Council – Handicap (TB) Dh95,000 (D) 1,200m
COMPANY%20PROFILE
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
Navdeep Suri, India's Ambassador to the UAE
There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.
It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.
What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.
When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.
It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.
This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.
It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.