Sanad, a wholly owned subsidiary of Mubadala Investment Company, has signed a Memorandum of Understanding (MoU) with Thales to explore areas of collaboration in industrial services for airport security, air traffic and avionics systems.
The MoU was signed by Mansoor Janahi, Group CEO of Sanad, and Bernard Roux, CEO of Thales in the UAE.
Knowledge exchange will be a key focus under the terms of the agreement, and Thales will serve as a partner in diversifying Sanad’s business portfolio towards industrial services in Air Traffic, Airport Security, and Avionics Systems.
As part of the agreement, Sanad and Thales will work collaboratively on regional and international projects, wherein Sanad would lead on providing cutting-edge industrial systems, working alongside Thales who will spearhead the design and build.
This announcement follows the launch of Sanad’s new industrial services strategy, which focuses on expanding its business beyond the aerospace sector to drive the UAE’s sustainable industrial future by leveraging synergies with international partners, the company said.
Speaking on the occasion, Mansoor Janahi, Group CEO of Sanad, said, “Through this new agreement, Sanad seeks to build national competencies and excellence in these sectors, localizing the most advanced technologies and promoting the transfer of knowledge through partnerships with major international companies leading in these sectors. This partnership also confirms Sanad’s ability to implement its new strategy through this new partnership with Thales coupled with its distinguished engineering and leasing history spanning more than 30 years.”
Bernard Roux, CEO of Thales in UAE, commented, “As we look to build a future that we can all trust, it is innovation and knowledge exchange that play a vital role in promoting sustainable growth and creating industries with a competitive advantage at a global stage. Sanad has taken significant strides in the aviation industry over the last three decades, and as trusted architects of the sector, we are delighted to be working with Sanad to shape the future of the industry.”