Dubai Aerospace Enterprise
The state-owned aviation group was the second biggest buyer at the Farnborough this year, and its educational arm has just entered into a partnership with MIT.
July 22, 2008 1:35 by kippreport
DAE was started in 2006 with the aim to invest $15bn in the aerospace sector by 2015. The company has got some very heavy backers; its shareholders include the Dubai government, Emaar, Istithmar, Dubai Airport Free Zone Authority, Dubai International Capital, Dubai International Financial Centre and Amlak Finance.
The company hopes to target its airport development operations in China and India, and also offer engineering and engines manufacturing facilities to global aerospace players.
Headquartered in Dubai, DAE is planning an aerospace complex at Dubai World Central – the 140 sq km new airport and logistics city being constructed in Jebel Ali, which is expected to become the world’s largest aviation hub.
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