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FINANCIAL NEWS
UAE’s Mubadala makes agreement with USA’s Cytec
11 Dec 2013
(MENAFN) Mubadala Development has made an agreement with a leading American producer of carbon fiber materials for planes to develop its expertise in aerospace manufacturing, according to the National AE.
Mubadala, an Abu Dhabi-based investment and development company, revealed the agreement with Cytec Industries on Tuesday.
Homaid Al Shemmari, the executive director of Mubadala Aerospace, Communications Technology and Defence Services, said: “This collaboration with Cytec will contribute positively to Mubadala”s efforts in creating a complete aerospace supply chain in Abu Dhabi as we remain focused on becoming a leading industry partner in the development of next generation commercial aircraft.”
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