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The first aircraft in the Arab world will be manufactured in Abu Dhabi by 2018. Homaid El Shemmari, chief executive of Mubadala aerospace company, is working to make Abu Dhabi a global Aerospace center.
With his enthusiasm and drive, one can understand why Homaid El Shemmari was selected as one of the top 500 most influential personalities in the Arab world. Mr. El Shemmari points out that this move comes as a part of a more comprehensive and holistic vision. Mubadala Aerospace is one arm of the Mubadala Holding Group owned by the Abu Dhabi government.
Mubadala Holding Group was launched in 2008 as part of the “Abu Dhabi vision 2030” which aims to diversify its economy and lessen its dependence on oil revenues from 65% to 36%. The vision was first implemented by the Emirate’s founder Sheikh Zayed Ben Sultan Alnahyan.
Mubadala Aerospace aims to be a major partner in the commercial Aerospace industry and a global competitor in manufacturing private jets.
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