Sanad, GMF ink landmark deal to set up MRO centre in Indonesia

Sanad, GMF ink landmark deal to set up MRO centre in Indonesia

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Bali / Gulf Time

Sanad, a global industrial services leader with over 30 years’ expertise in aerospace and wholly owned by Abu Dhabi’s Mubadala Investment Company PJSC (Mubadala), has signed a landmark memorandum of understanding with Indonesia’s GMF, the country’s largest aircraft maintenance company, at the UAE Business Forum which took place on the sideline of this week’s B20 Summit 2022 in Bali – the pinnacle of the G20 Summit.

This is the latest milestone in Sanad’s ongoing global expansion strategy to create an international network of aeroengine MRO centers. The MoU will see Sanad and GMF jointly establish a new state of the art MRO centre of excellence for aircraft engines.

Harnessing Indonesia’s strategic geographic location in the heart of Asia-Pacific region, one of world’s fastest growing aviation markets, the new center of excellence will leverage region’s growing demand for aircraft engine MRO services that are being driven by resilient and strong air traffic and cargo volumes.

The centre of excellence will contribute to the new UAE-Indonesia Comprehensive Economic Partnership Agreement, which aims to expand the nations’ annual bilateral trade from approximately $3 billion in 2021