Sunday, Apr 06, 2014
Abu Dhabi: Mubadala is looking at how it can become a bigger player in the region’s military supply chain, its top aerospace executive said on Sunday.
“What we would like to do is see how we can synergise these activities and line them up in a manner where we can actually start building a bigger presence in the region,” said Homaid Al Shemmari, CEO, Mubadala Aerospace and Engineering Services
Mubadala, Tawzaun and Emirates Advanced Investment announced last week that they had signed a Memorandum of Understanding to explore a unification of their defence services businesses.
Al Shermmari, speaking at a media roundtable in Abu Dhabi on Sunday, confirmed that discussions between the three companies will start immediately. However, he stopped short of confirming a full-fledged merger of the three.
He said the companies will be open about their strategies so that they can find a mutually beneficially model.
Al Shemmari said he is interested in providing training, maintenance, supply chain, storage management and maintenance, repair and overhaul services to the region.
By Alexander Cornwell Staff Reporter
Gulf News 2014. All rights reserved.
