A masterplan of the Mohammed bin Rashid Aerospace Hub in Dubai.
The Mohammed bin Rashid Aerospace Hub (MBRAH), a dedicated free zone for aviation and aerospace located at Dubai South, has entered a memorandum of understanding (MoU) with aerospace group Tim Investment to build a new widebody hangar in the United Arab Emirates.
In a statement released by the Government of Dubai, a signing ceremony for the MoU took place at Dubai South on July 11. In attendance were executives of Dubai South, MBRAH and Tim Investment, which oversees several aviation entities, to build the new hangar at the site close to Al Maktoum International Airport.
The groundbreaking of the new hangar is expected to take place at the Dubai Air Show in November. Construction of the facility, which will focus on commercial aircraft, is expected to conclude by the first quarter of 2025.
Tim Investment’s businesses include V2 Aviation, a provider of aircraft leasing and air charters for passengers and cargo services; V2 Aerospace, which specializes in aircraft spare parts trading; Romania-based charter carrier Legend Airlines, which operates Airbus A340 aircraft; and Tim Aerospace DWC, which provides repair services for passenger and cargo aircraft along with dismantling services.
“Our new MRO hangar at MBRAH is part of our strategic plans, which represent a stride in expanding our presence to cater to a wider clientele in the aviation sector,” says Timor Shah Shahab, founder and CEO of Tim Investment.
Tahnoon Saif, CEO of MBRAH, says that the agreement with Tim Investment underlines its ongoing commitment to helping aid the growth of Dubai's aviation sector, and attracting global companies to establish a presence in Dubai South. “We will spare no effort in supporting Tim Investment’s expansion into Dubai, and shall continue to contribute to cementing Dubai’s position on the world aviation map,” he adds.
MBRAH is expected to be fully developed by 2030, with total investment expected to reach approximately $4.63 billion. The hub is looking to attract more engineering industries to grow Dubai as an aviation center. It is currently home to MRO providers, training schools and education campuses.
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