This MoU aims to leverage the strengths of both organisations to drive economic growth and diversification in the UAE by exploring potential synergies in the aerospace and defense industries.
The UAE Space Agency and the Emirates Defense Companies Council (EDCC) have inked a Memorandum of Understanding (MoU) to jointly identify and nurture business opportunities within the aerospace and defence domains.
Signed during the ongoing Make it in the Emirates Forum in Abu Dhabi, the MoU was formalised by His Excellency Salem Butti Al Qubaisi, Director General of the UAE Space Agency, and Mona Ahmed Al Jaber, Chairwoman of EDCC.
Speaking about the agreement, Salem Butti Al Qubaisi said: “This MoU reflects our commitment to developing advanced industries in the UAE, by cooperating in enhancing our ability to innovate and compete globally. This enables us to support the national economy, and create new job opportunities and sustainable investments in these two leading sectors, to achieve excellence and provide advanced solutions that contribute to promoting the UAE as a leading hub for technology and innovation.”
Al Qubaisi added: “Through this MoU, we look forward to mutual achievements that exceed expectations and push the boundaries of innovation to new levels. This supports the vision and aspirations of the UAEs leadership in achieving a comprehensive development renaissance over the next fifty years in all sectors, including the aerospace and defence Industry.”
Mona Ahmed Al Jaber, Chairwoman of EDCC, stated: “This MoU represents a significant step forward in fostering collaboration between the aerospace and defence sectors in the UAE. By collaborating with the UAE Space Agency, we can leverage the expertise and capabilities of both industries to create new business opportunities, drive innovation, and support the UAE’s overall economic development.”
The primary objective of this MoU is to harness the collective strengths of both entities to drive economic growth and diversification in the UAE. By exploring potential synergies in the aerospace and defence industries, the collaboration aims to unlock new avenues for advancement and prosperity.
Under the terms of the MoU, the UAE Space Agency will collaborate with the EDCC to identify industrial and business opportunities within the space sector that resonate with the capabilities and interests of EDCC members. This strategic partnership also seeks to amplify economic growth and diversification by capitalising on space-related opportunities for defence and allied industries.
Furthermore, both parties will join forces to promote education and skill development in defence and space-related technologies among local talents. This initiative aims to fuel innovation and bolster local capabilities in these pivotal sectors.
The MoU establishes a framework for the exchange of information and best practices between the defence and space sectors, with a focus on enhancing competitiveness and efficiency in areas such as procurement and technology development.
In addition, the collaboration will facilitate mutual support for participation in defence events, forums, and sponsorships. This concerted effort will provide a platform for networking, knowledge sharing, and showcasing the capabilities of local defence and space industry players.
