Boeing sows Abu Dhabi seed
Mubadala Development Co.

Mubadala Development Co. PJSC, a strategic investment and development company owned by the government of the Emirate of Abu Dhabi, has signed a memorandum of understanding with Boeing to explore aerospace opportunities.

Until now the region has been a very large purchaser of aircraft, but has not played a significant role in aerospace investment. The MoU with Boeing is the first relationship Mubadala has established as part of a new aerospace industry implementation strategy. The company expects to spend between $4 and $6 billion dollars over the next two to three years.

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