DUBAI, Nov 19 (Reuters) - Britain's Rolls-Royce Plc has entered into a strategic agreement with Abu Dhabi's MubadalaAerospace that will allow the government-owned company toservice the manufacturer's Trent XWB engines.
Abu Dhabi's Mubadala, owned by the emirate's sovereignwealth fund, aims to be among the world's top threemanufacturers of composite and metal parts for aeroplanes by2020.
Mubadala will become an approved provider of Trent enginemaintenance, repair and overhaul, Rolls-Royce's first suchdesignation in the Middle East, according to a statement fromthe British firm on Tuesday.
The region will have one of the highest concentrations ofTrent engines globally in the next decade, Rolls-Royce said.
As part of the agreement, the engine manufacturer will alsosource $500 million of parts over a 10-year period fromMubadala.
On Monday, a Mubadala unit signed a deal with Boeing to supply much as $2.5 billion in advanced composites andmachine metals to the U.S. plane maker. The fund also inked adeal with Airbus for composite and metallicaerostructure production in the UAE.
Abu Dhabi's government-owned Etihad Airways ordered $5billion Trent XWB engines on Monday.