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Markab Capital and Super Jet International establish strategic partnership

The Emirati company Markab Capital has signed a strategic partnership agreement with the Italian company “Super Jet International” to establish a factory for the assembly, installation and production of civil aircraft in UAE.

The factory, which is scheduled to be completed in 2025, is the first of its kind in the Arab world, through which civil aircraft will be assembled and manufactured, and this will be a qualitative addition to the aviation industry sector in the country.

Abdullah Al Qubaisi, Chairman and CEO of “Markab Capital Company”, said: “We are proud of signing the agreement with the Italian company, “Super Jet International”, which aims to establish an aircraft factory that is the first of its kind in the Arab region.”

“The volume of investment in the new factory amounts to 180 million US dollars, and the production capacity of the first phase is 10 to15 aircrafts annually.

“A raise in the production capacity will be based on the received requests.”

He stressed that the “Markab Capital” company will rehabilitate, train and develop national cadres in the civil aviation industry, as part of its strategy to benefit from national expertise and enhance its capabilities in this vital and important field.