Middle East war a boon for UAE defence giant with global ambitions

πŸ‡¦πŸ‡ͺ Al-Monitor Middle East (AE) —
Middle East war a boon for UAE defence giant with global ambitions

AI Summary

UAE defence company Edge is experiencing increased demand due to the Middle East conflict, assembling drones and missiles in Abu Dhabi. The company is planning a significant expansion into European markets amid heightened regional tensions and ongoing US-Iran conflict.

In the heart of the Abu Dhabi desert, workers toil inside warehouses assembling drones and missiles for the UAE's Edge group, riding high on a wave of new demand for its weapons battle-tested by the Middle East war. Throughout six months of US-Iran conflict, nearly 3,000 missiles and drones targeted the UAE, denting its image as a safe haven but providing a windfall for Abu Dhabi-owned EDGE, which is embarking on a major European expansion, executives told AFP.

World Security Conflict Politics Markets Deals UAE defense industry Edge group drones Middle East conflict missiles expansion US-Iran tensions

Read original source →