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UAE has signed a mutual agreement with Emirates Development Bank (EDB) and Edge Group, a leading advanced technology group, to support the development of manufacturing at one of the world’s top 25 advanced technology groups for defence.
ABU DHABI, 21st June, 2022 (WAM) -- The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and EDGE Group, one of the world’s top 25 advanced technology groups for defence, have signed a mutual agreement to support the Group's manufacturing development. The agreement is in line with the UAE’s Fourth Industrial Revolution programme, Industry 4.0, and aims to support growth in the defence sector, one of the key industries of the future. It includes financing of up to AED 1 billion...