Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.
The appointment is a part of Sanad’s new plan to expand its business beyond the aerospace sector, media reports said.
The strategy and leadership announcements follow the launch of “Operation 300bn” last year.
It aims to more than double the industrial sector contribution to GDP in the UAE to AED300 billion ($81.68 billion) by 2031.
Under its new strategy, Sanad will contribute to the economic diversification agenda and help position the UAE as a global industrial hub.
Reportedly, the future offering will be focused on providing technology-driven and integrated industrial services.
Badr Al Olama, Executive Director of UAE Clusters at Mubadala and Chairman of Sanad, said, “Mansoor’s knowledge and wealth of experience will be invaluable in this decisive phase for the company as it builds on its strong performance to provide innovative solutions to support the growth of Sanad over the next decade.”