Mubadala, the Abu Dhabi government’s investment company, is growing increasingly reliant on its aerospace, defence and communications technology portfolio. The companies in the sector account for almost 40% of the group’s revenues, and 10 subsidiaries are showcased at the Dubai Air Show.
The government of Abu Dhabi’s investment and development company, Mubadala, is here to showcase 10 of its subsidiaries to the region’s aerospace community. Mubadala was founded in 2002 and has been active in aerospace for only seven years, but the importance of the sector to the company’s bottom line is growing.
Mubadala recently combined its aerospace portfolio with its companies active in information technology and defense into a single business unit. That new ACTDS (aerospace, communications technology and defense services) division accounted for just short of 40% of Mubadala’s revenues in the first half of 2013.
The businesses Mubadala is highlighting at the show cover a wide range of aerospace and defense industry expertise.
Three companies - Advanced Military Maintenance Repair and Overhaul Center, Abu Dhabi Aircraft Technologies and the Switzerland-based SR Technics - are focused on MRO.
Two companies are based at Al Ain airport. Horizon Flight Academy offers flight crew training courses adherent to the European Aviation Safety Agency syllabus, and counts Emirates Airways among its client base, while Strata is a composites manufacturer which supplies components including flap track fairings and aileron panels for Airbus’s A330 and A380. Mubadala has partnered with the Abu Dhabi Airport Company to create the Nibras Al Ain Aerospace Park, a 25 square kilometer site which is envisioned as a magnet for the regions aerospace SMEs.
Another subsidiary is the Al Yah Satellite Communications Company (YAHSAT), which is owned by Mubadala and was established in 2007. It has two satellites currently in orbit - Y1A was launched in 2011, and Y1B the following year - providing television and broadband services to over 60 countries. Mubadala will also be promoting Bayanat, the private mapping and surveying company formed out of the former Military Surveying Department of the United Arab Emirates armed forces.