Abu Dhabi Investment Office (ADIO) is leading the collaboration with Mark AB Capital Investment, a UAE-based private equity company, and SuperJet International (SJI), an Italian aviation company based in Venice, Italy, to support the development of the civil aviation industry in the UAE by establishing a state-of-the-art facility in Al Ain, Abu Dhabi and transferring specific know-how and technologies.
With the support of the UAE Government and the acquisition of 49% of SJI shares by Mark AB Capital, SJI will become the key enabler for the development of the aircraft manufacturing industry domestically.
The three parties signed an MoU, on May 31, in Abu Dhabi, where the terms of the collaboration were defined. In the first phase, SJI will establish a new Final Assembly Linei n Al Ain for regional aircraft to be completed by mid-2025. In parallel, SJI will set-up a new supply-chain for all aero structure work packages in Italy and the UAE, with the aim to be completed by 2026. In the first phase, the investment is evaluated at €200 million (£172 million), with the creation of 450 highly skilled jobs.
“This collaboration”, stated Camillo Perfido, CEO of SuperJet International, “is of great value for us and represents a further step in the building of strong relationships between Italy and the UAE, finalised at the execution of aeronautical programmes. We are grateful for the support received by the Abu Dhabi government through ADIO, as well as for Mark AB’s choice to invest in this project.”
Abu Dhabi Investment Office (ADIO) supports and helps investors and companies to establish, grow and develop their business in Abu Dhabi. As the central government hub supporting investment in Abu Dhabi, ADIO is committed to growing the Emirates’ private sector and diversifying its economy.
SJI is a long-standing Italian company in the field of aeronautical systems, holding relevant European aviation certifications.
Mark AB Capital is a multi-family office and Proprietary Investment Fund of several large Middle Eastern family groups.