The United Arab Emirates (UAE) has launched a new defence conglomerate, Edge, which consolidates 25 entities to become the UAE’s largest defence company.
Edge was launched by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on 5 November. In its first phase it is consolidating more than 25 entities (employing more than 12 000 people) including subsidiaries from the Emirates Defence Industries Company (EDIC), Emirates Advanced Investments Group (EAIG), Tawazun Holding, and other independent organisations.
Edge offers expertise in five core clusters: Platforms & Systems, Missiles & Weapons, Cyber Defence, Electronic Warfare & Intelligence and Mission Support. It is “positioned to disrupt capabilities across a wide breadth of industries. Starting with breakthrough innovations in the high investment defence sector, and with a priority on national security.”
Faisal Al Bannai, CEO and Managing Director of Edge said, “Edge will invest extensively across R&D, working closely with front-line operators to design and deploy practical solutions that address real world challenges.”
“The solution to address hybrid warfare, lies at the convergence of innovations from the commercial world and the military industry. Established with a core mandate to disrupt an antiquated military industry generally stifled by red tape, Edge is set to bring products to market faster and at more cost-effective price points.”
In contributing to innovation and advanced technology growth, Edge will develop deeper partnerships with world-leading industry original equipment manufacturers (OEMs) and defence contractors, the SME sector and academia alike. “Accelerating the rate of innovation, it will also be attracting elite industry experts and talent from around the globe, to help on a wide spectrum of modern product development, ranging from ideation to building cross domain capabilities over its five core business clusters: Platforms & Systems, Missiles & Weapons, Cyber Defence, Electronic Warfare & Intelligence, and Mission Support,” the company said.
The company 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.
Tareq Abdul Raheem Al Hosani, Chief Executive Officer of Tawazun Economic Council said: “We are invested in managing the uncertainty that technology brings by adapting our focus and capabilities towards a sustainable defence and security industry. Edge will help us transform our domestic capabilities, while growing our engagements on defence and security exports.”
“The conglomerate will manage effectively the five clusters it has, through the chief executive of each entity who will report to the chief executive of the cluster within the conglomerate,” Al Bannai told Defense News.
Ongoing contracts signed by the subsidiaries before Edge’s creation will continue as usual. “With respect to new contracts, they will be signed by Edge if they are strategic deals, and others will be signed by the subsidiary entity depending on the type of the contract,” he said.
Edge’s 25 subsidiaries have combined annual revenue of $5 billion. The subsidiaries include Nimr, AMMROC, Abu Dhabi Ship Building, Al Tariq, Caracal, Emirates Advanced Research and Technology Holding, ADASI, Al Hosn, Al Jasoor, Al Taif, APT, Beacon RED, EPI, ERS, ETS, GAL, Halcon, Horizon, Jaheziya, Knowledge Point, Lahab, Remaya, and Sign4l.