UAE’s largest defense company, EDGE has signed a tri-party strategic cooperation agreement with state-owned Ukrainian military companies Ukroboronprom and Ukrspecexport to exchange and develop advanced technology.
The deal will result in investments worth more than $1 billion, and the signing ceremony took place at the Emirates Palace in Abu Dhabi during the Ukrainian President’s official visit.
Faisal Al Bannai CEO & MD EDGE
“EDGE places a strong emphasis on joint development and collaboration. Signing this tri-party agreement demonstrates our intent to cooperate with leading international companies within the defense industry. We are excited about the opportunities for the UAE and Ukraine to collaborate, exchange, and mutually benefit from one another’s military and technical capabilities.”
Yuriy Husev, Director General of UkrObornProm said, “This strategic agreement is a result of our cooperation with EDGE Group, and is a significant step in joint development and cooperation between our sides. It is very symbolic that this agreement was signed during the official visit of the President of Ukraine to the UAE.”
“Ukrspecexport is proud to be part of this strategic agreement with EDGE Group. We are offering the best technologies available in Ukraine as well as ambitious joint development programs,” stated Vadym Nozdria, Director-General of Ukrspecexport.
EDGE
Founded in 2019, Abu Dhabi-based EDGE is an advanced technology group for defense. The company is dedicated to bringing innovative technologies and services to market with greater speed and efficiency. EDGE offers expertise in five core clusters, and they are Platforms & Systems, Missiles & Weapons, Cyber Defense, Electronic Warfare & Intelligence, and Mission Support.
UkrOboronProm
UkrOboronProm is a Ukrainian state-owned defense conglomerate set up in 2010 to handle enterprises in the military-industrial complex. The company is comprised of more than 100 firms involved in scientific research and the development and manufacture of arms and military equipment.
Ukrspecexport
Ukrspecexport is a Ukrainian state-owned company, which produces firearms, ammunitions, military equipment, spare parts, and explosives. It also repairs, maintenance and upgrades weapons and military equipment of foreign customers and also exports up-to-date technologies.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
