EDGE of the United Arab Emirates, announced on 15 February signing a tri-party strategic cooperation agreement with Ukrainian UkrOboronProm and Ukrspecexport. The agreement, totaling more than USD 1 billion, will expand military and technical cooperation between the parties, said the press service of EDGE on Monday.
“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 defence 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.”- said Faisal Al Bannai, CEO and Managing Director of EDGE Group.
The signing of this agreement comes as part of the official visit of the Ukrainian President Volodymyr Zelensky to the United Arab Emirates. According to statements made by the Emirati and Ukranian sides, the tri-party strategic cooperation agreement will enable the three entities to exchange and develop advanced technologies that could lead to over US$1 billion worth of investments.
“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.” Ukroboronprom Director General Yuriy Husey commented.
UkrOboronProm is a Ukraine state-owned defence conglomerate which was established in 2010 for the management of the enterprises of the military-industrial complex. Today, it unites more than 100 companies in five major defence industry sectors, particularly in armament and military equipment development and manufacture, scientific research and export-import operations.
“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.” Director General of Ukrspecexport Vadym Nozdria.
Ukrspecexport is a Ukraine state-owned company which specialises in armament, ammunition, military and special equipment, spare parts and components, explosives, as well as other products which can be used for the development and manufacture of armament, military and special equipment. It carries out repairs, maintenance and upgrades of armament and military equipment of foreign customers, and also exports up-to-date technologies.
EDGE is an advanced technology group for defence and beyond that ranks among the top 25 military suppliers in the world.