EDGE Group has signed a tri-party strategic cooperation agreement with Ukrainian state-owned defence conglomerate UkrOboronProm, and Ukrspecexport, a Ukrainian state-owned arms trading company. The agreement will enable the three entities to exchange and develop advanced technologies that could lead to over US$1Bn worth of investments.
His Excellency Faisal Al Bannai, CEO and Managing Director of EDGE, Yuriy Husev, Director General of UkrObornProm, and Vadym Nozdria, Director General of Ukrspecexport, signed the agreement in the presence of representatives from all parties. The signing took place at the Emirates Palace in Abu Dhabi.
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 a Ukraine state-owned company which specialises in:
- military and special equipment
- spare parts and components
This is in addition to 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.