The United Arab Emirates (UAE) has announced the consolidation of state-owned defense entities into a new defense technology conglomerate, named EDGE, on Nov. 5.
Sheikh Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inaugurated the company which is formed by consolidating 25 state-owned defense entities.
EDGE includes subsidiaries of Emirates Defence Industries Company (EDIC), Emirates Advanced Investments Group (EAIG), Tawazun Holding, and other companies, employing around 12,000 people. It will focus on five different ‘clusters’: Platforms & Systems, Missiles & Weapons, Cyber Defence, Electronic Warfare and Intelligence, and Mission Support.
“EDGE will invest extensively across R&D, working closely with front-line operators to design and deploy practical solutions that address real-world challenges”, said Faisal Al Bannai, EDGE CEO and Managing Director.
“The solution to address hybrid warfare lies at the convergence of innovations from the commercial world and the military industry. Established with a core mandate to disrupt an antiquated military industry generally stifled by red tape, EDGE is set to bring products to market faster and at more cost-effective price points”, he added.