Wed 15-11-2017 00:57 AM

Mubadala set to reinvent Industry 4.0

DUBAI, 15th November, 2017 (WAM) -- Mubadala Investment Company, Abu Dhabi’s strategic investment company, announced on Tuesday a collaboration with IBM at the Dubai Airshow, to develop smart systems that support manufacturing facilities, predictive technology and service optimization in the aviation sector.

Just ahead of the Airshow, Mubadala and IBM discussed the terms of the collaboration that will benefit Strata Manufacturing (Strata), the advanced composite aerostructures manufacturing facility in Al Ain, and Turbine Services & Solutions (TS&S), a leading maintenance, repair and overhaul provider for aircraft engines two wholly owned Mubadala businesses.

"At Mubadala, we are focused on achieving a future for Abu Dhabi and the wider UAE that is advanced, progressive and sustainable. Investing in diversified sectors with partners that have transformative technologies is critical to our next phase of growth," said Badr Al-Olama, Director of Aerospace, Mubadala. "Our partnership with IBM will help us go above and beyond what we think is possible today, by optimizing our operations and utilizing disruptive technologies across businesses that already have a successful track record in the aviation sector."

"As the aviation sector continues to grow, businesses need to explore innovative technology to differentiate themselves and optimize their operations," said Takreem El-Tohamy, General Manager, IBM Middle East & Africa. "Whether it's analytics, artificial intelligence or Internet of Things, these will enable improved decision making."

 

WAM/Tariq alfaham