Badr Al Olama: What's Next for Aerospace? | SALT Talks #56 | Summary and Q&A

TL;DR
Bada Al-Alaama shares his personal journey from being a lawyer to working in the aerospace industry and discusses his initiatives, such as the Green Chain Initiative.
Key Insights
- 👶 Bada Al-Alaama's career journey demonstrates the value of embracing new opportunities and adapting to different roles.
- 🇬🇱 The Green Chain Initiative focuses on developing sustainable and inclusive green supply chains to tackle climate change.
- 😷 The pandemic has highlighted the need for innovation and adaptation within the aerospace industry, including initiatives such as producing essential medical supplies.
- 💚 The mining of cryptocurrencies through renewable energy projects can support the transition to green technologies and infrastructure.
- 👯 Mubadala Aerospace's commitment to knowledge transfer, investment in people, and fostering diversity has contributed to its success.
- 🌐 The UAE's efforts in sustainability, manufacturing, and aerospace reflect its determination to be a global leader and create a positive impact.
- 🛰️ The future of aerospace may involve advancements in 3D printing, battery technology, and artificial intelligence for predictive maintenance.
Transcript
hi everyone welcome back to salt talks my name is rachel pether i'm a senior advisor to sky bridge a global alternative investment firm as well as the emcee for salt a global thought leadership forum and networking platform encompassing finance technology and politics salt talks is a series of digital interviews with the world's foremost thinkers c... Read More
Questions & Answers
Q: How did Bada Al-Alaama transition from being a lawyer to working in the aerospace industry?
Bada Al-Alaama initially practiced law before being given the opportunity to shift to project development, business development, and finance at Mubadala Aerospace. He embraced the opportunity and pursued further education in finance, ultimately becoming the CEO of Strata Manufacturing and managing the aerospace portfolio.
Q: Can you provide more details about the Green Chain Initiative and its goals?
The Green Chain Initiative, launched during the Global Manufacturing and Industrialization Summit (GMIS), aims to develop green supply chains by crowd-sourcing renewable energy projects. Its focus is on decarbonizing industries and promoting clean energy, with global inclusivity as a key aspect.
Q: How does the mining of cryptocurrencies play a role in the Green Chain Initiative?
The Green Chain Initiative utilizes excess energy from renewable energy projects to mine cryptocurrencies. The generated cryptocurrencies can be used to upgrade infrastructure, convert fossil-based facilities to eco-friendly technologies, or even purchase products. It is a way to reward companies investing in greening their facilities or products while promoting clean energy and sustainability.
Q: How has the pandemic impacted the aerospace industry and Mubadala Aerospace?
The pandemic has caused difficulties for the aerospace industry. However, Mubadala Aerospace's portfolio companies, including Strata, have managed to adapt their business models, manage liquidity, and even repurpose their workforce. For example, Strata started producing essential N95 masks, contributing to the fight against the pandemic.
Summary & Key Takeaways
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Bada Al-Alaama began his career as a lawyer and shifted to project development, business development, and finance after joining Mubadala Aerospace.
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He has played a significant role in managing portfolio assets, such as Strata Manufacturing, and has been involved in various initiatives, including the World's First Global Manufacturing and Industrialization Summit (GMIS).
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Bada Al-Alaama discusses the Green Chain Initiative, which aims to develop sustainable and inclusive green supply chains by crowd-sourcing renewable energy projects.
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