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Reading: Egypt, UAE sign MoU for localizing defence industries
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Dailynewsegypt > Blog > Business > Egypt, UAE sign MoU for localizing defence industries
Business

Egypt, UAE sign MoU for localizing defence industries

Daily News Egypt
Last updated: 2021/12/01 at 11:51 PM
By Daily News Egypt 2 Min Read
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Egypt’s Minister of Military Production Mohamed Morsy and the United Arab Emirates’ Head of the Executive Department for Technology and Defence Industries, Khalifa Ali Al Kaabi, witnessed signing a Memorandum of Understanding (MoU) between the National Authority for Military Production and the Emirates Council for Defence Companies to boost cooperation in the field of defence industries.

This came on the sidelines of the current edition of Egypt Defence Expo (EDEX 2021) in Cairo. Morsy indicated that the MoU aims at enhancing cooperation in the fields of defence industries through the exchange of experiences, capacity-building and training in this field and to facilitate the establishment of joint work partnerships and the transfer and localization of industries and technologies.

The Military Production Minister hailed the Emirati investment in owning sustainable capacity in various industries, whether military industries or the civil industries.

Meanwhile the Chairman of the Board of Directors of the Emirates Council for Defense Companies, Matar Ali Al Rumaithi, expressed the UAE’s interest in strengthening the strategic partnership with various authorities and companies participating in the “EDEX 2021” exhibition, especially military production companies.

He asserted the UAE’s keenness to cooperate with the Military Production Ministry in order to exchange experiences and visions in light of the capabilities available on both sides.

Al Kaabi, has explained that the UAE’s participation in EDEX 2021 comes within the framework of the historical relations with Egypt and given the importance of this event.

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TAGGED: defence industries, Egypt, UAE
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