Sanad, a wholly-owned subsidiary of Mubadala Investment Company, has signed a Memorandum of Understanding (MoU) with Thales, the French multinational company, to analyze areas of collaboration in the fast-developing domains of industrial services for airport security, air traffic and avionics systems.
As part of the MoU, signed by Mr. Mansoor Janahi, Group CEO of Sanad and Mr. Bernard Roux, CEO of Thales, the two companies will work collaboratively on regional and global projects, wherein Sanad would lead on offering cutting-edge industrial systems, working alongside Thales who will spearhead the design and build.
“This partnership with Thales reinforces Abu Dhabi’s position as a trusted global hub for the industrial services, as it expands the range of services provided by the national aerospace sector to include airport security, air traffic management, and avionics systems, which are witnessing a significant growth locally and globally. Through this new agreement, Sanad seeks to build national competencies and excellence in these sectors, localizing the most advanced technologies and promoting the transfer of knowledge through partnerships with major international companies leading in these sectors.”
The partnership follows the launch of Sanad’s new industrial services strategy, which focuses on expanding its business beyond the aerospace sector to drive the UAE’s sustainable industrial future by leveraging synergies with international partners.
Under the terms of the agreement, knowledge sharing will be given key focus and Thales will serve as a partner in diversifying Sanad’s business portfolio towards industrial services in air traffic, airport security, and avionics systems.
Commenting on the MoU, Mr. Roux said, “As we look to build a future that we can all trust, it is innovation and knowledge exchange that plays a vital role in promoting sustainable growth and creating industries with a competitive advantage at a global stage. Sanad has taken significant strides in the aviation industry over the last three decades, and as trusted architects of the sector, we are delighted to be working with Sanad to shape the future of the industry.”