Ministry of Defense launches Trade Control Office at Tawazun Industrial Park
ABU DHABI, 23rd November, 2019 — The Ministry of Defense today announced the launch of the Trade Control Office, supported by Tawazun Economic Council (Tawazun) and Abu Dhabi Department of Economic Development. Located at Tawazun Industrial Park (TIP), the Office aims to streamline defense regulatory and licensing services for the industry. The Office, created as […]
Bayanat, Collins Aerospace partner to develop cutting-edge aerospace solutions
DUBAI, 21st November 2019 – Bayanat, a developer of comprehensive geospatial solutions and data aggregation services, today announced that it has signed an agreement with Collins Aerospace, a US-based aerospace and defense firm, to develop advanced aerospace solutions. The project is being developed under Tawazun Economic Programme, which is overseen by Tawazun Economic Council. The […]
Tawazun negotiating AED1.1 billion deal for procurement of 200 VRT helicopters for Abu Dhabi
ABU DHABI, 20th November, 2019 — The Tawazun Economic Council, Tawazun, today announced the start of negotiations for the procurement of 200 VRT multipurpose civilian helicopters at a cost of AED1.1 billion, which will be used across both government and private entities in Abu Dhabi. Tareq Abdul Rahim Al Hosani, CEO of Tawazun, said, “We […]
UAE, France bolster defence cooperation
DUBAI, 19th November, 2019 — As part of their joint commitment to build industrial capabilities and innovative solutions, Tawazun Economic Council “Tawazun”, the UAE defence and security industry enabler and the Direction générale de l’armement, DGA, the French government defence procurement and technology agency, have set up a joint steering committee to drive cooperation in […]
Tawazun Economic Programme adds fourth company Hanwha to its roster
DUBAI, 18th November, 2019 — Tawazun Economic Council, through one of its key drivers, the Tawazun Economic Programme, which revealed its new policy during the International Defence Exhibition and Conference earlier this year, successfully announced the establishment of the first foreign subsidiary for the Hanwha Group in Abu Dhabi. The agreement was signed today in […]
Strata delivers Empennage Ribs for Boeing 777x
AL AIN, 17th November, 2019 — Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, has successfully delivered its first shipset of Empennage Ribs for the 777X, the world’s largest and most efficient twin-engine jet produced by Boeing. The announcement, made during Dubai Airshow 2019 which opened today, follows the landmark […]
Tawazun Economic Council to establish four new regional centres in UAE
DUBAI, 16th November, 2019 — As part of their ongoing commitment to enable the UAE’s defense and security industry, Tawazun Economic Council, “Tawazun,” announced plans to establish four new regional centers, bringing to nine the total number of projects announced under the new policy for Tawazun Economic Programmne during IDEX 2019. Matar Ali Al Romaithi, […]
Emirates Defence Companies Council celebrates achievements at 2019 Annual Meeting
ABU DHABI, 13th November 2019 – Emirates Defence Companies Council, EDCC, an initiative of Tawazun Economic Council, Tawazun, hosted its 7th Annual Meeting on Wednesday, highlighting council’s numerous achievements during the year and future facilitation to support UAE defence companies. The meeting was attended by Matar Ali Al Romaithi, Chairman of the EDCC and 80 […]
Tawazun Strategic Development Fund launches its new Venture Debt Programme for AED 700 million
ABU DHABI,13th November 2019 — Tawazun Strategic Development Fund, TSDF, previously known as the Defence and Security Development Fund, the investment arm of Tawazun Economic Council, today announced the launch of the Venture Debt Programme in partnership with each of the following banks, First Abu Dhabi Bank, FAB, Commercial Bank of Dubai, CBD, and National […]
Tawazun’s ‘SEEDS Programme’ attracts more global defence players
ABU DHABI, 14th September, 2019 — More than 40 representatives from international defence manufacturing companies expressed interest in joining the Sustain and Enhance Emiratisation in Defence and Security, SEEDS, programme, the latest initiative of the UAE defence and security industry enabler Tawazun Economic Council. This came during a gathering hosted by Tawazun in London earlier […]
