(MENAFN - Khaleej Times) Mubadala Development Company's aerospace unit will start building its maintenance, repair and overhauling, or MRO, facility in Al Ain next month.
The Advanced, Military, Maintenance and Overhauling Centre, or Ammroc, a joint venture with aircraft maker Lockheed Martin, Sikorsky Corporation and Mubadala Aerospace, will hit ground to construct its facility at the Nibras Al Ain Aerospace Park.
The Dh1 billion project will be operational in January 2016, and will provide jobs to 2,500 people, said Homaid Al Shemmari, executive director of Mubadala Aerospace, Communication Technology and Defence Services, while giving an overview of the department at the second day of the Abu Dhabi Conference organised by Meed and the Department of Economic Development Abu Dhabi. Ammroc is part of Mubadala's aerospace business, and provides minor and structural repairs to military aircraft.
The Nibras Al Ain Aerospace Park is an industrial zone dedicated to the aerospace industry. Spread over 25sqkm around Al Ain International Airport, the park is Abu Dhabi's Aerospace hub, which it aspires to turn into Seattle and Toulouse, the two centres of global aircraft manufacturing.
By 2030, Abu Dhabi has plans to create 10,000 jobs at the park, which already houses Strata, a Mubadala unit that manufactures components for Boeing and Airbus Industrie. Al Shemmari said Strata will be making components for B787 from next year.
In 2011, Mubadala signed a deal with Boeing for manufacturing and supplying work packages worth 1 billion.
Two weeks ago, he said on the sidelines of the Dubai Airshow that a further 6 billion worth of commitments were made with Boeing, Airbus, Rolls Royce and GE, who are partners to Abu Dhabi's ambitions in aerospace.
"This is the partnership model Abu Dhabi is working on," he said.
Horizon Academy, which is also located at the Al Ain Airport, is a key component of Mubadala aerospace activities, he said as it trained 650 pilots for Etihad Airways and UAE Armed Forces apart from some regional partners.