20 February, 2006

Dubai Launches Dubai Aerspace Enterprise (DAE) & Invests $15 billion In Aerospace Sector

Dubai Aerspace Enterprise (DAE)

An agreement was signed Sunday to form Dubai Aerospace Enterprise (DAE), which would merge investments worth USD 15 billion into creating a global aerospace manufacturing and services corporation and the formation of the first global aerospace corporation in the Middle East.

"Within 10 years, DAE will become an integral part of the global aerospace industry and a leading player," said Sheik Ahmed bin Saeed Al Maktoum, a member of Dubai's ruling family who heads Dubai's civil aviation department.

Not Only That! Dubai Aerspace Enterprise (DAE) website is currently working on establishing an Aviation University. An aviation campus for all levels of education, attracting both national and international students. The campus will include PhD programs in aviation engineering and business engineering, research facilities, aviation specialists, master apprenticeships, and advanced aviation careers, directly answering the call for highly skilled professionals to supply a growing, qualified work force.

Read Also:
Dubai launches $15b aerospace enterprise (Khaleej Times)
Dubai invests $15 billion in aerospace sector (MSNBC)
Dubai forms Aerospace Enterprise with investments of USD 15 billion - UAE (MENAFN)


Keefieboy said...

Brilliant! Just brilliant. I knew there was a secret reason for the size of Jebel Ali Airport Planet: this is it.

Emirati said...

Great to hear that some Industrialization is going on.

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