SDF’s Venture Debt Program, building on its recent success, will expand the mandate to include aviation SMEs
Strategic Development Fund (SDF), the investment arm of Tawazun Economic Council, has announced the successful funding of eight supply chain contracts and three capex contracts towards 5 SMEs through its Venture Debt Program that was launched in November 2019. The total allocated fund for the program is AED 700 million with funding ranging from AED […]
Ministry of Defense and Tawazun Economic Council sign MOU for cooperation on R&D activities
The Ministry of Defense (MOD) and Tawazun Economic Council (Tawazun) have signed an MOU to establish and organize Research and Development (R&D) planning and execution for the defense and security sectors. The MOU was signed by H.E. Major General Staff Pilot Ishaq Saleh Al-Balushi, Assistant Undersecretary for Industries, Ministry of Defense and H.E. Tareq Abdulraheem […]
His Highness Sheikh Mohamed bin Zayed Al Nahyan issues resolutions appointing Tawazun to manage procurements, contracts of UAE Armed Forces, Abu Dhabi Police
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, has issued two resolutions appointing Tawazun Economic Council (Tawazun) to manage the procurements and contracts of the UAE Armed Forces and Abu Dhabi Police. The resolution also mandates Tawazun to enforce the execution of […]
Tawazun to support Al Fattan Holding Investment’s ambitious shipyard expansion plans
Tawazun Economic Council, a key enabler of the UAE’s defense and security industry, and Al Fattan Holding Investment, a UAE leading shipbuilding group, have signed a Memorandum of Understanding, supporting the latter’s plan to upgrade its three shipyards in Abu Dhabi and Fujairah to meet the operational requirement of the UAE Naval and Air Forces. […]
Tawazun and Yahsat collaborate to develop ‘Made in the UAE’ SATCOM solutions
Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and […]
SDF and EOS new joint venture signed a cooperation agreement with EPI to manufacture components
The joint venture between Strategic Development Fund (SDF) and EOS Defence Systems Pty Limited (EOS) have signed a collaboration agreement with EDGE Precision Industries (EPI) for the manufacturing and supply of high precision components of the new 14.5 x 114 mm Light-Weight weapon system, currently under development for production in the UAE. The SDF and […]
SDF and EOS form a partnership to develop a cutting-edge Multi-Platform, Light-Weight, 14.5 x 114 mm weapon system
SDF, the investment arm of Tawazun Economic Council and EOS Defence Systems Pty Limited (EOS) have signed an agreement to establish a JV with equal partnership, which would design and develop a new multi-platform Light-Weight 14.5 x 114 mm Chain Driven Machine Gun in the UAE, with the involvement of international and local engineering and […]
Tawazun and Saudi Arabia’s GAMI ink MOU for cooperation on defense industries
Tawazun Economic Council and Saudi Arabia’s General Authority for Military Industries (GAMI) today signed a Memorandum of Understanding (MOU) on the sidelines of the International Defense Exhibition and Conference (IDEX 2021), currently underway in Abu Dhabi. The MOU aims to build strategic relations of cooperation, partnership and integration between the two sides to enhance the […]
Tawazun Economic Council and Thales Emarat Technologies announce the development of a Radar Center of Excellence
Tawazun Economic Council and Thales Emarat Technologies, have announced the launch of a Radar Center of Excellence in accordance with the UAE Strategic Vision. Thales Emarat Technologies is a fully integrated local entity that intends to assist sustainable technology transfer and support the creation of local jobs and careers. The mandate for the Radar Center […]
Tawazun and MBDA to cooperate on SmartGlider development
Tawazun and MBDA have signed a head of terms agreement with the intent to cooperate in the field of smart guided weapon systems. Matar Ali Romaithi, Chief Officer of the Economic Development Unit at Tawazun and Florent Duleux, Group Export Sales Director at MBDA, signed the document during this year’s IDEX exhibition in the presence […]
