His Highness Sheikh Mohamed Bin Zayed Al Nahyan with the CEOs of the newly announced UAE Advanced Technology Company, EDGE
On November 5, his Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inaugurated EDGE. The company is set to reposition the UAE as a key global player in the advanced technology that will ultimately drive global industry.
The chief executive and managing director of EDGE, Faisal al-Bannai, told CNBC in an interview that the objective of EDGE is not only to ensure the UAE is able to produce many of its defense requirements locally, but also to help diversify the economy for “when the last barrel of oil runs out.”
EDGE is consolidating more than 25 entities, including subsidiaries from the Emirates Defence Industries Company (EDIC), Emirates Advanced Investments Group (EAIG), Tawazun Holding, and other independent organizations.
The affiliated firms have a combined annual revenue of about $5 billion, Defense News reported.
The company is positioned to take advantage of the digital era, starting with breakthrough innovations in the defense sector.
Elite industry experts and talent from around the globe will help advance a wide spectrum of modern product development, ranging from ideation to building cross domain capabilities over five core business clusters: Platforms & Systems, Missiles & Weapons, Cyber Defense, Electronic Warfare & Intelligence, and Mission Support.
EDGE is set to implement advanced technologies such as autonomous capabilities, cyber-physical systems, the internet of things, advanced propulsion systems, robotics and smart materials, with a focus on artificial intelligence across all its products and services.
More information on EDGE can be found here: https://edgegroup.ae/.
EDGE can also be found at the Dubai Airshow as the first ever Advanced Technology Partner of the Dubai Airshow in its 30-year history.
Forecast International will also be at the Dubai Airshow. You can up a meeting with representative Matthew Beres, or download a free white paper regarding the same advanced technologies discussed in this article, here.
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