UAE to Boost Manufacturing in Defence Sector
- Publish date: Wednesday، 22 June 2022 | Last update: since a day
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The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and EDGE Group have signed a mutual agreement to support the Group's manufacturing development.
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Held on the sidelines of "Make It In The Emirates" Forum in Abu Dhabi, the agreement aims to support growth in the defence sector, one of the key industries of the future.
Under the agreement, MoIAT will provide EDGE with a robust roadmap which will reinforce EDGE’s position as one of the world’s leading and most financially sound suppliers of military hardware and technology.
MoIAT will support EDGE to expand global exports of cutting-edge domestically manufactured products and solutions to over 40 countries, spurred on by several recent wins against major industry players, boosting the group’s contribution to in-country value.
EDGE is adopting advanced Industry 4.0 technologies to create efficient manufacturing processes in all areas of its product development journey and is upskilling and training its workforce in the adoption of these technologies across all its shopfloor operations.
The forum has brought together over 1,300 delegates, including representatives from leading national companies, manufacturers and investors