Mubadala plans AED82.5mn R&D investment in five years

ABU DHABI / Emirates Business

Mubadala announced plans for its Aerospace, Renewables & ICT platform to invest a further AED82.5mn in Research and Development (R&D) over the next five years.
The funding will be used
to accelerate several innovative technology development projects that focus on differentiating concepts from the Fourth Industrial Revolution, including 3D printing, digital manufacturing and advanced materials.
The program will build on the success of an existing R&D program launched in September 2015, in collaboration with selected OEMs and local universities, and will support the growth strategies of Strata Manufacturing (Strata) and Turbine Services & Solutions (TS&S), two of Mubadala’s leading aerospace/industrial businesses. “R&D is critical to Abu Dhabi realising its vision for a diversified, knowledge-based economy,” said Khaled Abdulla Al Qubaisi, CEO of Mubadala’s Aerospace, Renewables and ICT (AR&I) platform. “This investment will allow us to explore new applications for innovative technologies that have the potential to catalyse the growth and competitiveness of our manufacturing and services offerings — and ultimately, help to advance the emirate’s industrial ecosystem.”