Sanad, an aerospace engineering and leasing company owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Company, will invest 480 million dirhams ($131 million) to build an advanced aircraft engine component repair facility in the United Arab Emirates city of Al Ain, the company announced.

The facility is part of Sanad’s efforts to expand its global maintenance, repair, and overhaul (MRO) capabilities and strengthen its position in aircraft engine servicing in the Middle East and international markets.

The new centre, spanning approximately 17,600 square metres, will consolidate engine component repair operations on a single platform and is designed to process up to 65,000 engine components annually across multiple engine types, the company said.

Sanad said the investment aligns with its long-term growth strategy in the aviation services sector amid rising global demand for aircraft maintenance and repair as airlines continue fleet expansion and post-pandemic recovery efforts.

The project is expected to generate more than 350 jobs in Al Ain, with a focus on developing skilled Emirati talent in aerospace engineering and technical services.

A subsidiary of Abu Dhabi-based Mubadala Investment Company, Sanad provides maintenance, engineering, and leasing solutions to airlines and aviation partners worldwide. The company said the new facility would strengthen its role as a regional MRO provider while supporting Abu Dhabi’s broader ambitions to expand its aviation ecosystem and industrial base.

The investment comes as Gulf countries, particularly the UAE and Saudi Arabia, intensify efforts to diversify their economies by developing advanced manufacturing, aerospace, and high-value industrial sectors beyond oil revenues.

Source: Gulf News