Platform for cross-industry thought leadership to fast track development and future growth strategies ABU DHABI, UNITED ARAB EMIRATES, 26 SEPTEMBER 2011: CEOs from the world’s leading airlines, aircraft manufacturers, satellite companies, and aerospace associations, as well as heads of the world’s most prominent aerospace teaching and research facilities, will come together at the inaugural Global Aerospace Summit for four days of strategic level discussions, closed-door debates, networking, and site visits.
6th Oct 2011
Platform for cross-industry thought leadership to fast track development and future growth strategies
ABU DHABI, UNITED ARAB EMIRATES, 26 SEPTEMBER 2011: CEOs from the world’s leading airlines, aircraft manufacturers, satellite companies, and aerospace associations, as well as heads of the world’s most prominent aerospace teaching and research facilities, will come together at the inaugural Global Aerospace Summit for four days of strategic level discussions, closed-door debates, networking, and site visits.
Hosted by Mubadala Aerospace, in partnership with Abu Dhabi Airports Company (ADAC) and Al Yah Satellite Communications Company (Yahsat), the Global Aerospace Summit will take place 16-19 April 2012.
The Summit is an exclusive, invitation only, international forum bringing together international and regional senior executives from across the aerospace, aviation and space sectors for a four day event that will promote cross industry thought leadership and discuss future growth strategies.
The format combines two days of high level debate-led discussions on aerospace, aviation and space, followed by two days of field trips to aerospace and aviation facilities. There will also be closed door discussions, a private procurement meeting programme, and a careers development programme targeting vocational and professional development.
“We believe that this inaugural event will continue over time to become a cornerstone meeting for industry leaders within the global calendar,” said Homaid Al Shemmari, Executive Director of Mubadala Aerospace. “The decision to create and hold a global aerospace summit in Abu Dhabi demonstrates the growing importance of the Gulf Region to the industry as a whole, but also reflects the need for a dedicated, high level forum focused on the future of the overall aerospace industry. There is already significant interest in the Summit from industry leaders such as Airbus, Boeing, Emirates, Etihad, and The Engine Alliance, which underpins the decision to hold such an important Summit in the United Arab Emirates.”
Arab countries are expected to spend over US$100 billion on infrastructure development and US$200 billion on the purchase of new aircraft over the next 15 years. Chief among these are developments in the United Arab Emirates, which focus on using the region’s central location as a transfer point for passengers traveling between Europe, Asia and Africa.
Along with China and India, the Middle East is one of the top three fastest growing aviation markets. Scheduled travel is expected to rise 4.6 % per year to 2025, global air cargo capacity is expected to triple over the next twenty years compared to 2009 levels, growing at 5.9 % annually, and the private plane business maintaining healthy sales in the region.
James E. Bennett, CEO, Abu Dhabi Airports Company (ADAC) added:
“The Summit provides an opportunity for global players across the entire value chain in the aerospace, aviation, and space industries to discuss the opportunities for the future in terms of growth, globalization, travel demand, and achieving profitability. We greatly look forward to this event, not only as a result of the sharing of experience and expertise, but also the commercial opportunities that it will bring to the industry.”
Jassem Al Zaabi, CEO, Yahsat, also commented:
“The future of the space industry is exciting, both in terms of the rapidly evolving landscape for satellite communications businesses and the role that satellites can play in national economic development. We are in a new era for the commercial space industry and we anticipate high levels of interest in this area of discussion at Global Aerospace Summit 2012.”
Nicholas Webb, Director, Streamline Marketing Group, the event organizers, concluded:
“The programme for the Summit has been designed to capture the interest of the key organisations operating across the aerospace, aviation and space sectors. As an invitation only event, we believe that the composition of the four day event will have an immediate and positive impact on the industry over the coming years.”
For more information on the Global Aerospace Summit 2012, please visit: www.aerospacesummit.ae
For media enquiries please contact:
Nick Farmer, Bell Pottinger Middle East
00971 55 559 7419
Mubadala Aerospace, a business unit of Mubadala Development Company, is driving the development of Abu Dhabi's aerospace industry to establish the Emirate as a global aerospace hub.
Through partnerships with world leading companies such as Boeing, EADS, Finmeccanica, GE, Sikorsky and Lockheed Martin, Mubadala Aerospace has combined global expertise and local resources to develop an advanced, technology-driven aerospace industry in Abu Dhabi.
Mubadala is building the industry around composite aerostructures and OEM manufacturing, maintenance, repair and overhaul (MRO) and pilot training. These sectors are underpinned with education & training initiatives to create job opportunities for the local population and develop a highly skilled workforce, with research & development facilities being established to place Abu Dhabi at the forefront of the global aerospace industry.
Flagship projects include (i) Strata, the advanced composites aerostructures manufacturing plant (ii)Sanad, the component and engine leasing company that works in partnership with Mubadala's Abu Dhabi Aircraft Technologies and SR Technics to deliver integrated MRO services to a global customer base and (iii) Advanced Military Maintenance Repair Overhaul Center (AMMROC),the military aviation MRO services provider in the emirate. For more information please visit: www.mubadala.ae
Abu Dhabi Airports Company (ADAC) is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate's aviation infrastructure. In September 2006, ADAC assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, ADAC added Al Bateen Executive Airport (an exclusive private aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi's development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 20 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed. www.adac.ae
Yahsat, the United Arab Emirates-based satellite communications company and a wholly-owned subsidiary of Mubadala Development Company (Mubadala), provides multi-purpose satellite communications services to commercial and governmental clients in the Middle East, Africa, Europe and South-West Asia. With a wide portfolio of voice, data, video and internet connectivity solutions, Yahsat satellites are designed based on market requirements and future applications. Yahsat is partnering with a consortium composed of EADS Astrium, Thales and Alenia Space to build a multi-purpose satellite communications system. Yahsat's first satellite Y1A was successfully launched in April 2011 and Y1B is scheduled to launch by year-end 2011. www.yahsat.ae
Streamline Marketing Group is a boutique events agency with a 12-year track record of launching specialised trade events in the Arabian Gulf both on its own in partnership with international media groups, global governmental organisations and NGOs. Providing professional and proactive services, with a strong focus on government-related and niche marketing projects, the group’s philosophy is to provide tailor-made and cost-effective service, offering its clients complete turn-key management. www.smg-online.com