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Tue 6 Dec 2016 12:45 PM

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DHL, Abu Dhabi's Mubadala sign deal to boost aerospace business

Strategic partnership will help to improve the logistics around Mubadala's aerospace manufacturing business, the companies said

DHL, Abu Dhabi's Mubadala sign deal to boost aerospace business

DHL Global Forwarding, the air and ocean freight arm of Deutsche Post DHL Group, and Mubadala Development Co, Abu Dhabi's state-owned investment firm, said on Monday they had formed a five-year strategic partnership.

The arrangement will help to improve the logistics around Mubadala's aerospace manufacturing business, the companies said.

“With this new strategic partnership we as DHL can demonstrate our expertise as an innovative lead logistics partner. Our solution enables the end-to-end management of Mubadala’s supply chain creating visibility across all assets in scope,” said Claudio Scandella, DHL CEO Middle East & Africa.

Homaid Al Shimmari, chief executive officer, Aerospace & Engineering Services, Mubadala, added: “Mubadala’s aerospace and information communications technology companies are operating at the heart of global supply chains, where timely and efficient delivery is critical to ensuring competitiveness.

"As Abu Dhabi’s aerospace cluster develops at the Nibras Al Ain Aerospace Park, with new companies being established with our global OEM partners as well as the expansion of our current businesses, a robust supply chain supported by DHL, will be an essential part of future success.”

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