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 […]
Tawazun Augments The Industrial Sector’s National Competencies with International Expertise
ABU DHABI. August 20th, 2019. 560 students have been trained in various technical disciplines. Tawazun Economic Council (Tawazun) kicked off a qualitative training program for UAE national students aimed at enhancing human capabilities in the nation’s industrial sector. Shehab Issa Abu Shehab, Chief Executive of Strategy at Tawazun, stated that the Council seeks to develop […]
Tawazun Economic Council Announces New Program Framework
ABU DHABI. February 14th, 2019. Tawazun Economic Council, the UAE defence and security industry enabler, today announced a series of changes to the Tawazun Economic programme through which foreign and local investments are channelled into key sectors of the economy.[/ld_fancy_heading][vc_column_text]Tareq Abdul Raheem Al Hosani, Chief Executive Officer of Tawazun Economic Council, said, “We have strengthened […]
Tawazun announces AED 2.5 billion fund for developing defence and security sector
ABU DHABI, 13th February, 2019 (WAM). Tawazun Economic Council has announced the launch of the Defence and Security Development Fund with a capital of AED2.5 billion (equivalent of US$680 million).[/ld_fancy_heading][vc_column_text]The Fund contributes to the enablement of the defence and security sector and its contribution to economic development in the United Arab Emirates. The Defence and […]
