"swap" Embraer and Embraer sign an agreement to enhance the UAE’s position in the global aviation sector
Farnborough, 21 July / WAM / Mubadala Investment Company “Mubadala”, the sovereign investment company in Abu Dhabi, and Embraer, “the leading global aviation company based in Brazil”, listed on the New York Stock Exchange under the symbol (EMBJ) and on the Brazilian Stock Exchange under the symbol (EMBJ3), today announced the signing of a strategic framework agreement during the Farnborough International Airshow, with the aim of establishing a long-term cooperative path between the two parties covering the areas of supply, maintenance, repair and overhaul services, and capital development. Human resources, research and development.
The agreement was signed by Amer Siddiqui, Executive Director of Mubadala’s UAE Investment Division, and Dimas Douglas Tomlin, Chief Strategy and Innovation Officer at Embraer SA.
The partnership is based on the integrated aviation system in the UAE, which includes aircraft structures, advanced materials, maintenance, repair and overhaul services, and aviation services.
As major aircraft manufacturing companies tend to simplify their supplier bases, in addition to focusing on a smaller number of larger partners capable of providing integrated solutions across the various stages of the value chain, this agreement comes to translate these integrated capabilities into practical reality, and transform them into tangible industrial opportunities.
Developing national competencies is a key focus of the agreement, as Mubadala and Embraer will work jointly to develop a methodology for developing cadres, and design training programs focused on enhancing engineering and aviation skills in the UAE. This will include practical training, knowledge transfer, and practical training programs at Embraer facilities for the benefit of Emirati talent.
The two entities will also cooperate in planning research and development work on future aircraft structure technologies, including composite materials, additive manufacturing, and high-temperature resistant alloys. The goal is to establish a joint innovation center that includes the two entities to accelerate the development of prototypes and transform new technologies into large-scale industrial applications.
Dr. Bakhit Al Kathiri, CEO of Mubadala’s Emirates Investment Sector, said: Over the past two decades, Mubadala’s Emirates Investment Sector has provided support to build the capabilities that the country needs to ensure their use in the future of various industrial sectors, and this trend is consistent with the wise vision of our wise leadership aimed at building an economy characterized by flexibility and global competitiveness. He added: The aviation sector is an essential part of this vision, while the new agreement with Embraer represents a natural extension of these endeavors that contribute to linking the advanced capabilities that we have developed through our national companies in the aviation sector with one of the most prominent aircraft manufacturing companies in the world. Not only that, but it embodies one of the basic principles that we rely on in directing our business paths, which is “early investment, building capabilities locally, and preparing before need.”
Francisco Gomez Neto, President and CEO of Embraer SA, said: The UAE is a strategic partner of Embraer, and we believe that this cooperation provides important opportunities to enhance the country’s industrial and technological capabilities, and expand Embraer’s industrial presence in the UAE and the Middle East region. This will certainly contribute to supporting future business opportunities within the Embraer portfolio, and we look forward to building a strong and fruitful partnership for both parties in the coming years by combining our expertise and the UAE’s vision in the fields of innovation and growth.
The partnership is based on two of our most prominent national companies in the aviation sector in the UAE. The first is Sanad, the company specializing in maintenance, repair and overhaul services in Abu Dhabi, which serves more than 40 international airline companies. This agreement will open the way for it to provide maintenance, repair and overhaul services for Embraer aircraft, with the possibility of expanding regionally in the markets of the Gulf Cooperation Council countries, the South Asia region, the Middle East and North Africa in parallel with the growing demand.
The second is Strata Manufacturing, a company specialized in manufacturing aircraft structures in Al Ain, and its component products are included in the aircraft of major international original equipment manufacturers. The agreement will support it to obtain the status of a first-level supplier within Embraer’s platforms, in addition to participating in Embraer’s aircraft programs across the areas of aircraft structures, advanced materials and components. Emirati competencies constitute 68% of the total workforce in Strata, as the partnership aims to strengthen and further consolidate these national capabilities.
The agreement strengthens Abu Dhabi’s position as a global center for advanced industries, and supports the objectives of the Abu Dhabi Industrial Strategy.
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