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    Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

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      Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

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      • CES 2017
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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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        • Hospitality

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

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        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics

            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              New deals to boost Abu Dhabi’s expanding aerospace industry

              OBG

              November 15, 2016
              in Business
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              In an effort to diversify its economy and increase employment opportunities for its growing population, Abu Dhabi is encouraging development in its downstream industrial sectors, with an emphasis on the aerospace industry.

              Alongside a succession of recent contracts, the emirate is increasingly looking to promote itself as an international aerospace manufacturing and assembly hub.

              However, challenges remain in developing the industry’s base, in particular ensuring that there is a substantial workforce able to meet the demands of original equipment manufacturers, particularly in terms of critical parts and maintenance requirements.

              Votes of confidence
              A series of high-profile commitments this year suggest a vote of confidence from some of the largest global aerospace players, with a growing shift beyond maintenance, repair and overhaul (MRO) activities into more assembly and supply.

              In July Abu Dhabi-based investment and development company Mubadala Development Company’s subsidiary, Strata Manufacturing, signed contracts totalling $1bn with France’s Airbus to supply composite parts for the company’s small and medium-sized aircraft, as well as provide horizontal tailplanes for the A320 and inboard flaps for the A350-900, according to press reports.

              The deal follows a $250m agreement inked in May of last year that made Strata the sole supplier of aileron assemblies for Airbus’ A330 program.

              The same month, Strata signed a multi-year contract to manufacture vertical fins for US-based Boeing’s 787 Dreamliner, part of a 2013 agreement between Boeing and Mubadala Development Company to supply up to $2.5bn in advanced composites components and aerostructures for Boeing commercial programs. Strata is Boeing’s first direct composites supplier in the Gulf.

              Additional deals spearheaded by Mubadala Development Company aim to further expand the scope and complexity of manufacturing in the emirate.

              In mid-2016, for example, Cytec Solvay Group, a Belgium-based advanced composite and adhesive materials supplier for the aerospace industry, announced a 50:50 joint-venture (JV) partnership with Mubadala to supply carbon-fiber pre-impregnated composite materials to support Boeing’s 777 aircraft. The JV is expected to be operational by 2021.

              The year-to-date has also seen local players, including Sanad Aero Solutions, SR Technics, and Turbine Services and Solutions, continue to expand their work around MRO and asset financing.
               
              Nibras Al Ain
              Most aerospace investments in Abu Dhabi are centered in Nibras Al Ain Aerospace Park, a 25-sq-km plot of land being developed jointly by Mubadala Development Company and Abu Dhabi Airports Company.

              Located in Al Ain City, the park consists of industrial projects, businesses, office complexes and mixed-used residential zones, with 5 sq km reserved specifically for the aerospace industry and aimed at both Mubadala Aerospace’s existing network of assets, as well as international investors.
               
              “The infrastructure provided as well as the clustering model around anchor tenants, such as Advanced Military Maintenance Overhaul and Repair Centre (AMMROC) and Strata, at Nibras will have a positive impact in terms of attracting investors to support the establishment of a sustainable aerospace hub,” Fahed Al Shamesi, CEO of AMMROC, a local defense MRO company, told OBG.

              While Strata continues to expand its facilities in Al Ain, other strategic players are also expressing interest in the destination.

              Earlier this year Mubadala Development Company and Rolls-Royce announced the details of an approved maintenance center (AMC), confirming plans to manufacture aeroplane engine components at a new facility.

              The AMC in Al Ain is expected to have capacity to service 150 engines a year and will be operational by 2021, while the new manufacturing facility to build parts for Trent engines is expected to come on-line by 2018, according to a July statement from Mubadala Development Company.

              The center should help support the expanding Middle Eastern market, which accounts for 25% of all orders for Trent XWB engines. The engines power the A350 Airbus, which is operated by the region’s growing aircraft fleets.

              The workforce
              Aerospace development is part of Abu Dhabi’s long-term vision of becoming a knowledge-based economy, as well as a key driver for employment going forward, with Mubadala Aerospace targeting 10,000 new jobs in the sector by 2030.

              “Just like any other manufacturing business, the challenge remains in attracting enough engineering and technical talent to sustain our ambitions for growth,” Badr Al Olauma, CEO of Strata, told OBG.
               
              “Manufacturing parts is not as difficult as developing a young workforce to design parts or industrialize a new manufacturing process.”

              To address these targets, higher educational institutions have risen to the forefront through a number of private sector partnerships and doctoral specializations in aerospace engineering and robotics.

              Established in 2007 and fully owned by the Abu Dhabi government, Khalifa University has played a key role in including the local population in the aerospace workforce. The university maintains partnerships with over 20 corporations and private bodies, which have been critical to the development of its expansive portfolio of research facilities.

              Since 2012 the university has housed the Aerospace Research and Innovation Centre, which trains students in collaboration with Boeing, Airbus and GE. The facilities are laboratory-focused, aimed at enhancing the university’s research capabilities, with aerospace remaining a key area of interest of the institution.
              Oxford Business Group
              15 November

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