Sanad, which is a wholly-owned subsidiary of Mubadala Investment Company, has signed a memorandum of understanding (MoU) with French multinational firm, Thales, which designs and builds electrical systems and provides services for the aerospace, defence, transportation and security markets.
The deal aims to explore areas of collaboration in the fast-developing domains of industrial services for airport security, air traffic, and avionics systems.
The MoU was signed between the group CEO of Sanad, Mansoor Janahi, and the CEO of Thales in the UAE, Bernard Roux.
This announcement follows the launch of Sanad’s new industrial services strategy, which focuses on expanding its business beyond the aerospace sector to drive the UAE’s sustainable industrial future by leveraging synergies with international partners.
Benefits of the Sanad-Thales agreement
Knowledge exchange will be a key focus under the terms of the agreement, and Thales will serve as a partner in diversifying Sanad’s business portfolio towards industrial services in air traffic, airport security, and avionics systems.
As part of the agreement, Sanad and Thales will work collaboratively on regional and international projects, wherein Sanad would lead on providing cutting-edge industrial systems, working alongside Thales who will spearhead the design and build.
The group CEO of Sanad, Mansoor Janahi, said: “This partnership with Thales reinforces Abu Dhabi’s position as a trusted global hub for the industrial services, as it expands the range of services provided by the national aerospace sector to include airport security, air traffic management, and avionics systems, which are witnessing a significant growth locally and globally.
“Through this new agreement, Sanad seeks to build national competencies and excellence in these sectors, localising the most advanced technologies and promoting the transfer of knowledge through partnerships with major international companies leading in these sectors.
Janahi added: “This partnership also confirms Sanad’s ability to implement its new strategy through this new partnership with Thales coupled with its distinguished engineering and leasing history spanning more than 30 years.”
The CEO of Thales in UAE, Bernard Roux, said: “The aviation sector has fostered endless debates over the last few years, whether it is in relation to future traffic flows or the resilience and adaptability of the sector. Our skies are undergoing a significant transformation.
“As we look to build a future that we can all trust, it is innovation and knowledge exchange that play a vital role in promoting sustainable growth and creating industries with a competitive advantage at a global stage.”
Roux added: “Sanad has taken significant strides in the aviation industry over the last three decades, and as trusted architects of the sector, we are delighted to be working with Sanad to shape the future of the industry.”
Follow us on
