Mubadala and Safran Strengthen Strategic Partnership In The UAE

22 November 2024

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The agreement was signed by Amer Siddiqui, UAE Clusters and Mehdi Bouchenak, CEO Safran Emirates, in the presence of Ismail Abdulla signaling a new era of partnership between Mubadala and Safran.

Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and Safran, a French multinational aerospace and defense corporation, are joining forces to accelerate aerospace innovation and development within the UAE. 

Announced at the Abu Dhabi Air Expo, the duo's enhanced strategic framework agreement focuses on key areas of Maintenance, Manufacturing, Human Capital Development, Advanced Material and Space.

In a statement, the partners said the expanded collaboration: "leverages Mubadala’s established aerospace assets, including Strata Manufacturing and Sanad, and integrates Safran’s expertise to reshape the aerospace landscape."

It added that the partnership will significantly expand Sanad's capabilities and open doors to new partnerships across Safran's diverse aerospace portfolio. 

Furthermore, the partnership prioritizes nurturing local talent through collaborative training opportunities for Emirati engineers and aerospace professionals. With space a key focus area for Mubadala, this partnership unlocks opportunities in air traffic management, Earth observation, and propulsion systems. 

“We are pleased to strengthen our long-term partnership with Safran, a global aerospace leader,” said Ismail Ali Abdulla, Executive Director of UAE Clusters, at Mubadala’s UAE Investments Platform. 

“As an national investor, we are dedicated to support the diversification of the UAE’s economy by building world-class national champions and fostering innovation in high-growth sectors. This agreement not only reinforces Abu Dhabi’s position as a premier aerospace hub but also underscores our shared commitment to upskilling local talent, empowering the next generation of engineers and professionals to lead in the global aerospace industry.”

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