Al Taif Technical Services PJSC (Al Taif) the leading provider of maintenance, repair & overhaul services for fighting platforms, heavy utility vehicles and ground support equipment in Abu Dhabi, launched last December by Mubadala Development Company would be participating at IDEX from the 18th of February to the 22nd in the UAE pavilion of the exhibition.
“We believe IDEX provides the ideal venue for us to create Local and Regional awareness of our core services and capabilities and to build relations with potential suppliers & Customers across both military and Non-military service Industries” Stated Cyril Arar CEO of Al Taif.
Al Taif’s major client is The UAE Armed Forces. The two parties have signed a 20-year contract with a total value that exceeds AED 1 billion, under which Al Taif will provide maintenance and repair services. DynCorp International, appointed by Al Taif as their prime vendor and partners, will provide management and technical expertise, processes and systems to meet the requirements of Al Taif in its vision to become the leading maintenance and repair center of excellence for the UAE and the region.
Mubadala Development is a Public Joint Stock company established and wholly owned by the Government of the Emirate of Abu Dhabi. Its mission is to invest in commercially-viable, strategic, industrial and commercial partnerships.
The company manages a diversified portfolio of local, regional, and international investments. International investments include the Dutch fleet management giant LeasePlan Corporation (25% stake), and a stake in nine oil exploration blocks in Libya. Stakes are also held in the Swiss aircraft and engine services provider SR Technics (40%), the Italian luxury car manufacturer Ferrari (5%), and Piaggio Aero Industries (35%).
In the United Arab Emirates and wider Gulf region, Mubadala Development has invested in, and developed, a number of leading projects including the first GCC cross-border natural gas project, Dolphin Energy (51% majority stake), Aldar Properties, National Central Cooling Company, Abu Dhabi Ship Building, Imperial College London Diabetes Center in Abu Dhabi, Injazat Data Systems, and the Mukhaizna Oil Field developments in Oman.
Mubadala Development signed a joint development agreement with Dubai Aluminum Company (DUBAL) to develop, construct, own and operate a USD6-billion world class green-field aluminium smelter complex with 1.2-million tons capacity a year at the Khalifa Port and Industrial Zone in Abu Dhabi.
Mubadala Development is also leading the development of the UAE University’s new campus in Al Ain City through a public-private partnership initiative.
Mubadala Development also prides itself on the creation of numerous strategic alliances and associated projects. Current alliance partners include Dubai Aluminum Company (DUBAL), Rolls-Royce, and Shell. For more information, visit http://www.mubadala.ae.