Unbridled ambition is being tempered by a survivor instinct as Dubai Aerospace Enterprise (DAE) tries to secure its place in the Middle East’s emerging aerospace industrial world. This new-found sentiment has more to do with the growth of rival Mubadala Development Co.—the strategic investment arm of the Abu Dhabi government—and overall economic realities than with a heightened business acumen. While Mubadala’s Abu Dhabi-based backers are in the enviable position of being flush with ...

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