UAE’s Strata exploring biopharmaceuticals and EV-manufacturing joint ventures, CEO says – The National

UAE’s Strata exploring biopharmaceuticals and EV-manufacturing joint ventures, CEO says – The National

Strata, Mubadala Investment Company’s aerospace unit, is expanding into biopharmaceuticals manufacturing and is also holding discussions with global electric vehicle makers to bring EV manufacturing to the UAE, its chief executive said.

The company, which is doubling down on its core business of aerospace manufacturing, is seeking to form joint venture partnerships with established companies as part of its long-term strategy to expand its advanced manufacturing capabilities and include more industrial segments.

“We have already started conversations with partners and the intention is to announce something before the end of the year,” Strata chief executive Ismail Abdulla told The National in Abu Dhabi.