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Boeing, Abu Dhabi’s Mubadala ink aerospace pact
DUBAI - Boeing and Abu Dhabi government-owned investment firm Mubadala signed an aerospace pact on Monday that will help the Gulf Arab emirate launch its fledgling aerospace industry.
The agreement will see cooperation in high-tech activities, including composite manufacturing, engineering, research and development, training and maintenance, the two firms said in a statement.
Mubadala has been investing progressively in aerospace deals to boost the Abu Dhabi economy and said last week it would launch an aerospace components maker in coming days.
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