Mubadala Development Company (Mubadala), an Abu Dhabi-based business development and investment company, has unveiled its plans to build a composite aerostructures plant.

Phase one of the plant, which is the first of its kind in the region, is scheduled to be built by early 2010. Mubadala is investing US$161 million in the first phase of the plant and by completion of the three phases will have invested US$500 million in the facility.

The plant will manufacture hi-tech aerostructures composite components and assemblies in the Emirate. The plant will initially manufacture components such as spoilers and flap-track fairings then evolve into developing primary structures. The innovative lightweight components are substantially weight-saving, which contributes towards making the aircraft more efficient and cost-effective.

This first phase of the new plant is expected to provide nearly 400 job opportunities in the Emirate, with further expansion plans for the future. It will develop local capabilities to ensure the effective transfer of knowledge and skills and the use of increasing levels of technology.

“Abu Dhabi is building an aerospace industry that provides a new hub linking East and West. Mubadala has been establishing critical businesses to create a comprehensive aerospace sector. Today’s announcements take these activities to a new level which is good news for our partners, for Abu Dhabi and for customers.” said H.E. Khaldoon Al Mubarak, Chief Executive Officer and Managing Director of Mubadala.

“The composite plant joins Mubadala’s portfolio of aerospace companies that encompasses areas of the industry including MRO (Maintenance, Repair and Overhaul), manufacturing, research and development, and education and training” said Homaid Al Shemmari, Director of Mubadala Aerospace. “The plant is an important development in the synergy of these areas and in the creation of a robust aerospace industry in Abu Dhabi.”