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Abu Dhabi-based Mubadala Aerospace has signed a deal with Rolls Royce to service the UK manufacturer’s Trent XWB engines
The company, which is a subsidiary of UAE state-owned investment vehicle Mubadala, will be responsible for the maintenance, repair and overhaul of Rolls-Royce's Trent XWB engines in the Middle East.
Earlier this month, Abu Dhabi’s Etihad Airways placed an order for US$5bn worth Trent XWB engines to power 50 of its Airbus aircraft.
Rolls Royce also plans to source US$500mn worth of parts from Mubadala Aerospace for 10 years.
The engine maker's president Tony Wood said, "We are delighted to work with Mubadala to establish Abu Dhabi as a key aerospace hub for the support of Trent XWB engines and for components manufacturing. This is an exciting opportunity which will significantly enhance both our aerospace supply chains and support capabilities in the region."
Rolls Royce has agreed to help Mubadala Aerospace set up a manufacturing research centre in the coming days.
Mubadala Aerospace said it was aiming to become a Tier One supplier for the aerospace industry in the long term.
The company has a deal with Boeing to supply US$2.5bn worth composite materials and machine metals to the plane maker.
In 2013, Mubadala Aerospace also signed an agreement with Airbus to produce its metallic aerostructure in the UAE.