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Emirates Defence Industries’ unit inks MoU with Emirates Steel

Emirates Defence Industries’ unit inks MoU with Emirates Steel
The agreement was signed at IDEX 2019.

Abu Dhabi – Mubasher: Emirates Defence Industries Company’s (EDIC) subsidiary, Barij Munitions, has signed a memorandum of understanding (MoU) with Emirates Steel Company (ESC) for the cooperation in the development and manufacturing of defence products.

Under the MoU, both parties will collaborate to meet the increased defence demand from local and global markets, according to a company statement released on Thursday.

“Strengthening the local manufacturing sector is one of the key strategic objectives of Barij Munitions. Promoting local companies not only helps in developing local expertise but also contributes to the national economy,” Barij Munitions’ general manager Arafat Saleh Al Yafei commented.

The agreement was signed at the International Defence Exhibition and Conference (IDEX 2019), which is held in Abu Dhabi.

ESC’s CEO Saeed Ghamran Al Rumaithi said: “This partnership is rooted in our shared vision of enhancing the UAE’s position as a global industrial hub. Such collaborations play a crucial role in supporting the government’s strategy to create a sustainable and diversified economy.”