Abu Dhabi’s Mubadala sees collaboration opportunity in Saudi aerospace sector

Abu Dhabi-based Mubadala Aerospace said it sees major opportunities to work with Saudi Arabia, particularly in the aerospace sector, Reuters reported on Monday.

“I think there are huge opportunities for collaboration between us and Saudi Arabia ... aerospace being a key area for both countries. It would be great to work together and hopefully avoid duplication,” chief executive Khaled Abdulla al-Qubaisi said at a conference in Abu Dhabi.

Mubadala Aerospace is a unit of Abu Dhabi’s state-owed investment firm Mubadala, which manages about $200 billion in assets.