"Edge" and"Indra" You create a project "Plus" To design and manufacture radars in Abu Dhabi

Abu Dhabi, December 18 / WAM / The “Edge” Group and “Indra Systems” Company, which specializes in the field of information technology and defense systems and is present in more than 140 countries around the world, announced that they had reached an agreement to establish a new joint venture called “Plus” in Abu Dhabi. .
The PLUS project aims to nurture local capabilities to design and manufacture the latest advanced radar systems, supported by strong orders from existing and potential customers in high-potential markets across the world.
The signing of the joint project agreement, which includes shareholder agreements, was attended in Madrid by Hamad Al Marar, Managing Director and CEO of EDGE Group, and Jose Vicente de los Mozos, CEO of Indra, with the participation and presence of Margarita Robles Fernandez, Spanish Minister of Defense, and Her Excellency Maria Amparo. The catastrophe is Garetha, Minister of State for Defense Affairs of the Kingdom of Spain, and His Excellency Faisal Abdulaziz Al-Bannai, Advisor to the President of the State for Strategic Research and Advanced Technology, Chairman of the Board of Directors of the… EDGE, Marc Mortra, Chairman of the Board of Directors of Indra, officials from the Spanish Ministry of Defense, and other officials and dignitaries.

In his speech during the official signing ceremony hosted by the Spanish Ministry of Defense in Madrid, His Excellency Faisal Al-Bannai stressed that the establishment of the “Plus” company represents a milestone in the process of improving the global defense scene by providing the latest radar systems.
He added that the joint project between EDGE and Indra bridges important gaps in capabilities, highlights the power of innovation and technology transfer in improving operational excellence and global security, and also embodies the keenness to build meaningful partnerships that advance progress and foster stability in the most important regions.
For his part, Mark Mortra said that the partnership with the “Edge” group will provide next-generation radar systems, and will include advanced research infrastructure, laboratories and experimentation facilities that will be based in the UAE. This important step will enable “Indra” to expand the scope of its global presence and develop our relationship. Value with Edge.
The new company, called “Plus”, focuses on engineering, developing, manufacturing, integrating and maintaining current and future radar systems and their components, as well as marketing them in high-potential markets, which will open up numerous international business opportunities.
The agreement allows for the establishment of two companies, the first of which will be owned 50.01% by “Indra” Company and 49.99% by the “Edge” Group, and will focus on developing, designing, integrating, selling and maintaining the latest radars, and the second will be owned by 50.01% by the “Edge” Group and 49.99% by “Edge” Group. Indra will be responsible for manufacturing these radars in a new advanced factory located in Abu Dhabi.
The new joint project aims to increase the production capacity of radars and their sales, and provide the UAE with new radar capabilities by transferring knowledge and expertise, in addition to training and qualifying skilled local specialists.

The company is initially expected to employ specialized and highly experienced professionals from Indra, while hiring young Emirati employees and recent graduates, in addition to engineers, technical experts and commercial employees.
The project plans also include improving local research and development capabilities in a strategic manner to pave the way for the development of the next generation of radar technology by establishing advanced research infrastructure, enhanced laboratories and experimentation facilities, acquiring the latest technologies, cooperating with leading experts, and implementing specialized training programs for research teams.
Hamad Al Marar, Managing Director and CEO of the “Edge” Group, said that “Plus” represents evidence of the strength of cooperation, as it brings together the expertise of “Edge” and “Indra” to design, develop and manufacture the next generation of radar systems and export them to the group’s most important customers.
He added that by investing in advanced production facilities, EDGE is working to strengthen the UAE’s position as a global platform for innovation in the field of radars, in addition to shaping the future of defense technology in the air, land and sea fields.
He pointed out that this project embodies EDGE’s strategic vision aimed at expanding the UAE’s industrial capabilities within the advanced technology sector and establishing sovereign capabilities, which advances the wheel of self-sufficiency and innovation on a global scale.
For his part, Jose Vicente de los Mozos, CEO of Indra, said that the company plans with EDGE to establish a new advanced factory equipped with the latest technology in Abu Dhabi, in order to meet the expected huge demand for the most innovative radar systems in the coming years, adding that this project The new helps accelerate the transformation process within the defense sector towards enhancing a greater global presence, in line with our strategic plan to lead the future.
It is noteworthy that the new project, “Plus”, will enjoy preferential rights on any current and future orders obtained by “Indra” or “Edge” of radars based on the technology specified in the agreement.

New opportunities will also be generated in high-potential international markets, in line with the goal set by Indra’s strategic plan to lead the future.

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