UAE-based EDGE Group has signed a Memorandum of Understanding (MoU) with Abu Dhabi-based TROOSSMIL TRADING in order to establish long-term collaboration for the supply of coating materials for munitions, as well as other locally manufactured specialty products.
EDGE is an advanced technology company for defense and beyond that ranks among the top 25 military suppliers in the world.
The agreement was signed by Mr. Ahmed Al Khoori, Senior Vice President of Strategy & Excellence at EDGE, and Mr. Ali Al Katheeri, Partner at TROOSSMIL, at the first “Make it in the Emirates” Forum.
The strategic deal is designed to pursue prospective avenues of collaboration between EDGE and TROOSSMIL.
“Furthermore, it aligns seamlessly with the UAE’s industrialization plans to foster a valuable business environment for local and international investors and build the reputation of local products through the promotion of exports to global markets,” according to the statement.
Hamad Al Marar President – Missiles & Weapons EDGE Group
“This is an important deal for us that acknowledges our steadfast commitment to supporting local businesses, startups, and small and medium-sized enterprises (SMEs). Establishing robust strategic partnerships in the industrial sector not only forms the cornerstone of EDGE’s long-term strategy but ensures the sustainable development of the UAE. We are very pleased to be working with TROOSSMIL, and we look forward to pursuing opportunities together that will help to achieve our respective business and national objectives.”
“We are honored to sign this MoU with EDGE as it serves as a catalyst for a long-term partnership involving the supply of our coating materials. The UAE’s commitment to developing the industrial sector is commendable, and it ensures the sustainability of local businesses such as ours. We truly look forward to our ongoing collaboration,” commented Mr. Al Katheeri.
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
