The UAE’s EDGE and Indra signed an agreement to establish a joint venture (JV) company on 4/3/2024. The new JV will focus on developing sophisticated technologies, innovation, and global market expansion.
The note provides a comprehensive overview of the following aspects:
The defense systems that will be localized, including specific product names
The JV’s domestic sales and export plans
The EDGE subsidiaries to benefit from the TOT package
Role of the JV in EDGE’s strategy