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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Abu Dhabi’s Mubadala to service Rolls Royce Trent XWB engines

Posted on 20 November 2013

Britain’s Rolls-Royce Plc has entered into a strategic agreement with Abu Dhabi’s Mubadala Aerospace that will allow the government-owned company to service the manufacturer’s Trent XWB engines.
Abu Dhabi’s Mubadala, owned by the emirate’s sovereign wealth fund, aims to be among the world’s top three manufacturers of composite and metal parts for aeroplanes by 2020. Mubadala will become an approved provider of Trent engine maintenance, repair and overhaul, Rolls-Royce’s first such designation in the Middle East, according to a statement from the British firm on Tuesday………………………………….Full Article: Source


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