Kalds and"LIG Nex1" They signed a strategic partnership to manufacture missiles in the country
DUBAI, 23rd November, 2017 (WAM) – Caldis Holding Group, which specializes in developing and manufacturing defense products, based in Abu Dhabi, and the South Korean company “LIG Nex1”, a leader in the field of defense with its advanced electronic systems and precise guided solutions, announced the signing of a strategic partnership to manufacture missiles in the country, in a step that represents a new phase of defense cooperation between the two companies, and strengthens the strategic partnership between the two sides, thus contributing to strengthening the leadership position of the national defense industries and their development.
The agreement was signed by His Excellency Tariq Abdul Rahim Al Hosani, Chairman of the Board of Directors of Caledus Holding Group, and Mr. Boon Sang Ko, Chairman of the Board of Directors of the “LIG” Group, in the presence of senior officials from the two companies, on the sidelines of the activities of the Dubai Airshow 2025, which concluded its activities recently.
The new joint project will focus on developing next-generation air defense systems, establishing joint production lines, and developing national engineering competencies, in line with the UAE’s national strategy to enhance local defense manufacturing within the framework of the “We Are the Emirates 2031” vision.
The two parties also signed a memorandum of understanding for future cooperation in the fields of multi-layered air defense systems, enhanced command and control systems, radars, and next-generation air defense solutions.
Dr. Khalifa Murad Al Balushi, Managing Director and CEO of CALDUS Holding Group, said: “This joint project represents a pivotal step in developing the UAE’s defense manufacturing capabilities and strengthening our global partnerships. By combining CALDUS’ vision, industrial expertise, and LIG Nex1’s trusted technologies, we are establishing a new era of highly efficient defense solutions locally.”
He added: “This partnership reflects our strategic commitment to building a well-established national local industries system in the UAE, globally connected and strongly based on national capabilities.”
For his part, Mr. Ikhyun Shin, CEO of LIG Nex1, said: “This cooperation represents an important step towards consolidating our partnership and building advanced local manufacturing capabilities in the UAE. Working with Caldis Holding Group, we seek to provide pioneering defense solutions that enhance the country’s defense industrial system and support sustainable technological growth.”
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
