Make it in the Emirates: MoIAT, EDCC sign MoU to boost local defense companies, exports

Make it in the Emirates: MoIAT, EDCC sign MoU to boost local defense companies, exports

Abu Dhabi, UAE:- The Ministry of Industry and Advanced Technology (MoIAT) and the Emirates Defense Companies Council (EDCC) today signed a memorandum of understanding (MoU) to bolster local defense industries and promote exports.

His Excellency Omar Al Suwaidi, Undersecretary of MoIAT signed the MoU with Mona Al Jaber, Chairwoman of EDCC. The signing ceremony took place on the sidelines of the International Defense Exhibition (IDEX 2023) and was attended by His Excellency Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Her Excellency Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, Major General Dr. Mubarak Saeed Ghafan Al Jabri, Assistant Undersecretary for Support and Defence Industries at the Ministry of Defence and Deputy Chairman of the Committee for IDEX and NAVDEX, and Tareq Abdulraheem Al Hosani, Secretary General of Tawazun Council.

The MoU aims to empower small and medium enterprises (SMEs) in the defense sector and enhance their performance through a package of incentives and enablers that support and facilitate growth.

It will also help SMEs secure procurement contracts from major national defense companies. In addition, it will provide flexible financing solutions through Emirates Development Bank and encourage companies to engage with the Industrial Technological Transformation Index