Abu Dhabi to build first commercial jet by 2018

(Abu Dhabi) – Abu Dhabi will become the first Arab city to manufacture a commercial airplane in a business venture announced by United Arab Emirates aerospace company Mubadala, which plans to build an aircraft by 2018. Mubadala hopes to make the UAE capital a global aerospace center, joining forces with Italy’s Piaggio Group, Homaid El Shemmari, chief executive of Mubadala aerospace company said.
Mubadala acquired a 31.5 percent stake in Piaggio, which specializes in the production of aircrafts and spare engines and component materials for aircraft structures.