Ukroboronprom, UAE’s companies strike deals worth over US$1 bln

The Ukrainian president is paying an official visit to the UAE.Photo from president.gov.uaPhoto from president.gov.ua

CEO of Ukraine’s state-run Ukroboronprom Concern Yuriy Husyev and representatives of the UAE-based Tawazun Economic Council and EDGE Group have signed agreements and contracts totaling more than US$1 billion to expand military-technical cooperation.

The documents were signed during the official visit of Ukrainian President Volodymyr Zelensky to the United Arab Emirates, the press service of the President’s Office wrote on its website on February 14.

The agreement with EDGE on military and technical cooperation will allow the exchange and development of advanced technologies, the report said.

“EDGE places a strong emphasis on joint development and collaboration. Signing this tripartite agreement demonstrates our intent to cooperate with leading international companies within the defense industry,” CEO and Managing Director of EDGE Group His Excellency Faisal Al Bannai said.

“We are excited about the opportunities that present themselves for the UAE and Ukraine to collaborate, exchange, and mutually benefit from one another’s military and technical capabilities,” he added.

Zelensky’s visit to the UAE

  • The Ukrainian president is paying a two-day official visit to the UAE.
  • On February 14, Zelensky met with Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces Mohammed bin Zayed Al Nahyan to discuss the prospects for boosting bilateral trade by several times.
  • Also, the two countries’ delegations signed a number of bilateral documents, in particular, a memorandum on mutual recognition and exchange of national driver’s licenses.

(C)UNIAN 2021

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