Both Emirates and dnata saw significant profit and revenue increases, as the company expanded its operations worldwide
In this regard, Boeing will partner with the Tawazun Holding subsidiary to establish a production aerospace surface treatment facility in the UAE. In a joint announcement with Tawazun on the second day of the Dubai Airshow, representatives of both companies said this partnership introduces a new aerospace manufacturing capability in the Middle East region.
“This endeavour reaffirms our commitment to support the UAE aerospace industry,” said Dennis Muilenburg, president and chief executive officer of Boeing Defence, Space & Security. “Investing in the development of key capabilities through partnerships such as this is of mutual benefit to Boeing and the UAE, and advances opportunities for the UAE around the world.”
The project, made possible by the Tawazun Economic Council, is scheduled to be commissioned in 2016 at the Tawazun Industrial Park in Abu Dhabi. Expanding on TPI’s existing manufacturing base, Boeing will provide manufacturing and technology expertise as well as programme management best practices to support the new facility as it applies for the required aerospace certifications.
“We are pleased to be part of this unique project that will introduce new and innovative initiatives at different levels of precision manufacturing and further foster UAE’s regional leadership in high-end defence and technology manufacturing,” said Saif Al Hajeri, chief executive officer of Tawazun. “The establishment of this capability is a significant step for the UAE’s aerospace industry, as the metallic components manufacturing and metallic sub-assembly will be entirely performed in the UAE.”
TPI will provide Boeing and its suppliers with a certified, state-of-the-art facility for commercial and defence aerospace design-specified machined and treated metal parts, and gradual progression to complex subassemblies. As required for aerospace manufacturing, the facility will reperform the necessary chemical treatments to metallic components that enhance their performance capability.
“The launch of the project between TPI and Boeing signifies the vital role the council plays in adding economic and commercial value to the UAE economy,” said Matar Al Romaithi, chief officer of the Tawazun Economic Council – Industrial Development Unit.
TPI chief executive officer Muaatasem Awda said: “The project will help cement TPI’s lead in precision manufacturing. It will also provide many benefits to TPI customers in terms of high-quality services, minimised costs and supply-chain management.”
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