Rolls-Royce and Mubadala Development Company, a wholly owned investment and development vehicle of the Government of Abu Dhabi, are in the process of establishing a joint venture company to develop in-country capability to serve Rolls-Royce customers across the Middle East and North Africa, with specific activities developed according to customer and market demand.

The two companies have signed an MoU to jointly identify and deploy commercial opportunities in the aerospace, marine, industrial and renewable energies sectors.
In another development, Rolls-Royce announced it had signed a CorporateCare engine service agreement with Nakheel, for the UAE’s premier real estate developer’s two Embraer Legacy 600 corporate aircraft. The MoU between Rolls Royce and Mubadala was signed at the latter’s headquarters in Abu Dhabi by Khaldoon Khalifa Al Mubarak, CEO of Mubadala, and Sir John Rose, chief executive of Rolls-Royce.
Al Mubarak said: “The signing of the MoU with Rolls-Royce is in line with our objective to partner with the best in the business. Mubadala looks forward to developing profitable business opportunities with Rolls-Royce in Abu Dhabi and the Mena region. We also look forward to promoting a culture of superior performance and growing Abu Dhabi’s own cadre of specialised capabilities in the various industrial sectors targeted by the strategic alliance.
“We already enjoy a long and fruitful relationship with Rolls-Royce and we are pleased to take this to a new level through the signing of this MoU.”
Sir John said Rolls-Royce was committed to building on its success in the Middle East with strategic partnerships.
“We already work closely together in many of these areas such as energy, through the Dolphin Project, civil aviation (Etihad), defence (Gamco) and marine  (Abu Dhabi Ship Repair Yard) and we look forward to broadening our relationship with these organisations and into other areas through this MoU.”
Mubadala Development is a public joint stock company, established and wholly owned by the government of Abu Dhabi with a mission to invest in commercially viable, strategic, industrial and commercial partnerships. Mubadala’s portfolio of international investments includes a 5 per cent stake in Ferrari, a stake in nine oil exploration blocks in Libya, and a 25 per cent stake in the Dutch fleet management giant LeasePlan Corporation. Its local and regional investments include a 51 per cent majority stake in Dolphin Energy.
The agreement between Rolls-Royce and Nakheel was signed at the Rolls-Royce stand at the Dubai International Aerospace Exhibition 2005 by Hamed Kazim, group chief financial officer, Nakheel LLC, and Stephen Friedrich, director, aftermarket business, Corporate and Regional Aircraft, at Rolls-Royce.