Agreement Between “Mohammed bin Rashid Aerospace Project” and “Aetherion Aerospace” to Establish a Factory in Dubai South
In a significant step towards enhancing the aviation sector, the Mohammed bin Rashid Aerospace Project has signed a partnership agreement with Aetherion Aerospace, a company specializing in manufacturing aviation equipment, to establish an advanced factory in Dubai South. This agreement aims to bolster the advanced manufacturing ecosystem in the United Arab Emirates and meet the growing demand for high-value services in the sector. This initiative reflects Dubai’s vision of becoming a leading global aviation hub.
Signing of the Agreement at Dubai Airshow 2025
The signing ceremony took place during the Dubai Airshow 2025, attended by several prominent figures, including Tahnoun Saif, the Executive Director of the Mohammed bin Rashid Aerospace Project, and Sheikh Sultan Majid Hamad bin Saqr Al Qasimi, Vice Chairman of the Board of “Economic Group Holdings.” This step comes at a time when Dubai’s aviation sector is experiencing notable growth, reflecting the project’s commitment to supporting advanced manufacturing.
Statement from the Executive Director of the Mohammed bin Rashid Aerospace Project
Tahnoun Saif commented on the partnership with Aetherion Aerospace, stating: “This partnership represents an important step in the development of the comprehensive aviation ecosystem in Dubai.” He added, “As we continue to attract global companies, we reaffirm our commitment to supporting advanced manufacturing, fostering innovation, and enabling companies to grow within a world-class infrastructure in Dubai South.”
The Role of “Economic Group Holdings” in the Project
Raoof Ali, the General Manager of “Economic Group Holdings,” stated: “Collaborating with Dubai South to launch the new Aetherion Aerospace project marks a strategic entry for the group into the aviation manufacturing sector.” He emphasized that this step is a key milestone in the journey towards diversifying business into high-value industrial sectors, aligning with the UAE’s vision to enhance innovation and sustainable economic growth.
The Global Footprint of “Economic Group Holdings”
“Economic Group Holdings” is one of the leading multinational groups in the Middle East, Africa, and Asia, managing over 109 companies employing approximately 16,000 staff across various fields such as transportation, manufacturing, real estate, healthcare, logistics, and information technology. These investments clearly demonstrate the company’s commitment to enhancing innovation and investing in strategic sectors.
By establishing the Aetherion Aerospace factory in Dubai South, the UAE aims to improve its position as a major center for the aviation world, contributing to a brighter and more advanced future in this vital sector.