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Sat 25 Nov 2017 10:54 AM

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UAE's Strata committed to $7.5bn deals until 2030

CEO of composite aerostructures manufacturing facility says contracts include Boeing and Airbus

UAE's Strata committed to $7.5bn deals until 2030

Strata Manufacturing, fully owned by the Mubadala Investment Company, is committed to contracts amounting to AED27.5 billion ($7.5 billion) until 2030, according to its CEO.

Ismail Abdulla said in a statement cited by state news agency WAM that the contracts for the the UAE-based composite aerostructures manufacturing facility include airplane manufacturers Boeing and Airbus.

Abdulla revealed that Strata Manufacturing has so far delivered more than 34,000 airport parts under it "Made with Pride in the UAE" initiative.

He said that more than 2,000 airplanes around the world were using parts made in the UAE.

Abdulla said the company is moving forward to promote its competitiveness among the world airplane manufacturers through its keenness to expand its suppliers' database in the UAE.

Facilities have increased to reach 31,500 square metres coinciding with the surge in the production lines to reach 10 lines by the end of 2016, compared with the one production line in 2010.

The CEO added that UAE nationals constitute 51 percent of the labour force in the company, which has more than 700 employees.

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