Edge, one of the world’s leading advanced technology groups for defence and beyond, has signed a MoU with Abu Dhabi-based Troossmil Trading to forge long-term collaboration for the supply of coating materials for munitions, as well as other locally manufactured specialty products.
Designed to pursue prospective avenues of collaboration between Edge and Troossmil, the strategic deal aligns seamlessly with the UAE’s industrialisation plans to foster a valuable business environment for local and international investors and build the reputation of local products through the promotion of exports to global markets.
The agreement was signed by Ahmed Al Khoori, Senior Vice President of Strategy & Excellence at Edge, and Ali Al Katheeri, Partner at Troossmil, at the first ‘Make it in the Emirates’ (MiitE) Forum being held in Abu Dhabi.
Inaugurated by Dr Sultan Al Jaber, UAE Minister for Industry and Advanced Technology, and Managing Director & Group CEO of Adnoc, the MiitE Forum aims to highlight the UAE’s attractive investment environment and showcase opportunities to help boost the UAE’s manufacturing sector’s contribution to GDP from AED133 billion to AED300 billion.
Edge Group President (Missiles & Weapons) Hamad Al Marar said: "This is an important deal for us that acknowledges our steadfast commitment to supporting local businesses, start-ups, and small and medium-sized enterprises (SMEs)."
Edge is an advanced technology company for defence and beyond that ranks among the top 25 military suppliers in the world.
"Establishing robust strategic partnerships in the industrial sector not only forms the cornerstone of Edge’s long-term strategy, but ensures the sustainable development of the UAE. We are very pleased to be working with Troossmil and we look forward to pursuing opportunities together that will help to achieve our respective business and national objectives," stated Al Hamar.
Al Katheeri said: "Troossmil is honoured to sign the MoU with Edge as it serves as a catalyst for a long-term partnership involving the supply of our coating materials. The UAE’s commitment to developing the industrial sector is commendable, and it ensures the sustainability of local businesses such as ours."
"We truly look forward to our ongoing collaboration," he added.-TradeArabia News Service