Sunday 23 June 2024

Signing the HoA

Edge entity Lahab signs agreements with PT Pindad

ABU DHABI, 27 days ago

Edge Group entity Lahab, the UAE’s sole ammunitions manufacturer, and PT Pindad, an Indonesian state-owned enterprise and one of Asia’s leading defence manufacturers, have signed a Heads of Agreement. The agreement seeks to explore collaborative opportunities in establishing defence manufacturing capabilities the signing of a Memorandum of Understanding (MoU) to supply defence equipment.
Under the Heads of Agreement, signed in the presence of Suhail Al Mazrouei, Minister of Energy and Infrastructure, at the Indonesia-UAE Business Week 2024 in Bali, Lahab will explore opportunities to enhance industrial collaboration between the two defence industries. Under the MoU, Lahab will supply defence equipment for production purposes to PT Pindad.
The agreements are part of an ongoing effort between both countries to bolster the capabilities of the Indonesian defence industry, and increase bilateral trade to $10 billion by 2030 under the Comprehensive Economic Partnership Agreement.--TradeArabia News Service


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