$50 Million Investment in Helicopter Manufacturing Venture, UAE

The Dh183m manufacturing facility will be based in Umm Al Quwain, an emirate in the UAE.

Quest Investment is pumping Dh183 million ($50 million) into the new enterprise. A new manufacturing plant will be developed on a 40,000 sq m plot in Umm Al Quwain, according to Yousuf Al Ansari, CEO of the new Quest Helicopters.

The helicopters will retail at $2.95 million each, and are aimed at the growing needs of VIPs, security agencies, police surveillance units, emergency response and humanitarian teams as well as the oil field supplies market in the region.

The prototype helicopters were designed by Ukraine's Volodymyr Udvenko and will feature a new series of engines built in the Ukraine. "The long life airframes have been engineered for robust operations, and feature a raft of cutting-edge technologies. These include an all-new primary fly-by-wire control system, a distinctive ejectable crew and passenger safety capsule cabin and a telemetry downlink maintenance monitoring system," said a Volodymyr Udvenko spokesperson.

Al Ansari stated, "We want to bring in the latest technology available in the market that will help create value to the overall aviation industry in the region and create employment for young Emiratis."

The Quest AVQ series will be the first civil helicopters to be manufactured in the UAE, and is currently in the design and development stage. Al Ansari anticipates that, "The helicopter will enter into the flight testing process from 2013 and we expect it to enter into commercial production by 2014."

The plant in Umm Al Quwain will have the facilities to assemble 50 helicopters a year, and the project is expected to generate new jobs from the end of 2012. It is one of many aviation industry ventures that are establishing UAE as an aviation centre in the Middle East.

According to Ajay Chaukulkar, chief executive of Sharjah-based Aerostar, "The opportunities in the region's aviation industry are numerous and there is no reason why investors should not take advantage of them by investing in aviation companies."