Mubadala’s aerospace unit seeks opportunities in health technology – The National

Mubadala’s aerospace unit seeks opportunities in health technology – The National

Exclusive: Strata in talks for up to eight projects as demand for aircraft parts slips by 40% due to Covid-19, chief executive says

















Strata employees at its Al Ain plant. The company equipped staff with the skills needed to manufacture PPE. Courtesy: Ministry of Presidential Affairs. 







Strata, Mubadala Investment Company's aerospace manufacturing unit, is looking to diversify into the health technology sector, as the Covid-19 pandemic fuels demand for medical equipment.



The company is holding talks with potential partners on seven to eight projects to produce personal protective equipment and medical consumables, chief executive Ismail Abdulla told The National.



It seeks to bring more high-tech manufacturing capabilities to the UAE and a decision on new health technology investment could be reached within three to six months, he said.



"The pandemic is an opportunity only. We are looking at projects for the long term,“ Mr Abdulla said.



"We don't want to do short-term business to address the pandemic. We want to make sure we have the right capabilities in the country [and] we are consulting with entities in the UAE to ensure we bring in what is required by the country and