Move supports Sanad’s strategy to expand its MRO services, capabilities, and global footprint
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s Mubadala Investment Company (Mubadala), and EgyptAir Maintenance & Engineering, a leading provider of maintenance, repair and overhaul (MRO) services for commercial aircraft, engines and components in the Middle East and Africa since 1932, have inked a transformative Memorandum of Understanding (MoU).
The deal is set to bolster MRO services for a diverse range of commercial aircraft engines and components in Cairo, while also extending its positive impact to the broader and rapidly expanding African and Middle Eastern markets.
The MoU was formally sealed at the Dubai Airshow 2023 by Mansoor Janahi, Managing Director and Group CEO, Sanad and Eng. Yehia Zakaria, Chairman & CEO, EgyptAir Holdings. This strategic partnership underscores Sanad’s unwavering commitment to advancing its MRO services and capabilities worldwide, in line with its objective to enhance its global footprint.
Egypt’s aviation sector has rapidly evolved into a driving force within the nation’s economy. This growth trajectory is poised for even greater acceleration over the next 20 years, with a projected twofold increase, underlining the sector’s pivotal role in Egypt’s economic landscape. Notably, within Africa, the engine MRO market’s value is projected to double from US$ 1.2bn in 2023 to US$ 2.4bn by 2033, highlighting the robust demand in this rapidly growing market.
“This strategic move aligns with our overarching strategy to expand our global footprint. The prospect of enhancing our MRO services in partnership with EGME leverages our combined expertise to expand engine MRO services across the burgeoning Middle East and Africa market,” noted Janahi.
This collaboration not only enables mutual growth opportunities but also brings both entities closer to their customers, thus strengthening the global aviation supply chain,” remarked Eng. Zakaria.
“We are excited about the prospect of establishing an MRO Centre of Excellence in our nation’s capital and are fully dedicated to collaborating with Sanad to bring this monumental development to fruition for the African and Middle Eastern aviation sector,” commented Eng. Walid El-Khafif, Chairman & CEO, EgyptAir Maintenance & Engineering.