Dubai Airshow 2015
Logo
 

Al Ain's aerospace park to create 10,000 jobs by 2030

Haseeb Haider/Abu Dhabi
Filed on November 12, 2015 | Last updated on November 12, 2015 at 07.47 am
Al Ains aerospace park to create 10,000 jobs by 2030
An airplane engine on display at the air show on Wednesday.

The aerospace park, which was set up in 2012, is transforming the garden city of Al Ain into a competitive aerospace hub.


Mubadala-owned Nibras Al Ain Aerospace Park (Nibras) is expected to create 10,000 jobs by 2030.

The aerospace park, which was set up in 2012, is transforming the garden city of Al Ain into a competitive aerospace hub.

Spread over 25 square kilometres, the joint development project by Mubadala and Abu Dhabi Airports Company (Adac), the aerospace park is an integral part of Abu Dhabi's strategy to diversify its oil-based economy, in line with Abu Dhabi's Economic Vision 2030.

Mubadala manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organisations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals and mining, oil and gas, renewables, information and communications technology, healthcare, real estate and infrastructure, utilities and defence services.

Nibras will set up a world class aerospace centre that will be an industrial platform for manufacturing and maintenance facilities, education and training institutions and research and development facilities. It will house SMEs to large corporations and will form the technology and aerospace cluster envisioned in the Al Ain 2030 plan.

Through its own 2030 Plan, Al Ain will utilise Nibras to establish a technologically advanced industry and provide employment to a qualified workforce - largely women.

With over 85 per cent of its phase 1 plans now complete, Nibras will continue to support the development of the aerospace industry while leveraging synergies, reducing costs and enhancing services for its tenants.

Sixty per cent of the 25 million square feet land plots available in phase 1 have already been occupied by a number of internationally recognised companies including; Strata Manufacturing, Advanced Maintenance, Repair and Overhaul Center (Ammroc), Horizon International Flight Academy (Horizon) and Etihad Flight College.

Homaid Al Shemmari, chief executive officer of aerospace and engineering services at Mubadala, said: "Nibras plays a critical role in the development of an aerospace hub in the emirate of Abu Dhabi. By co-locating aerospace businesses in Al Ain, we're able to maximise the synergies across the value chain and focus investment and effort in one geographical location."

- haseeb@khaleejtimes.com





ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Khaleej Times
CurrentRequestUnmodified: /business/dubai-airshow-2015/first-time-exhibitors-give-dubai-airshow-thumbs-up macro_action: article, macro_profile: ,1502,1665 macro_adspot:
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery