Edge exports 20 per cent of its products to different markets around the globe. AFP
Edge exports 20 per cent of its products to different markets around the globe. AFP
Edge exports 20 per cent of its products to different markets around the globe. AFP
Edge exports 20 per cent of its products to different markets around the globe. AFP

Abu Dhabi's Edge and India's Adani Defence and Aerospace sign co-operation pact


Sarmad Khan
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UAE defence conglomerate Edge has signed a co-operation agreement with India-based Adani Defence and Aerospace to explore the potential of developing advanced weapons systems across their core product portfolios.

The agreement aims to establish a global platform, using the defence and aerospace capabilities of both companies, to cater to local and global customers, Edge said in a statement on Tuesday.

The pact includes evaluating the potential for co-operation across Edge and Adani products, including weapons covering airborne, surface, infantry, ammunition and air defence products, as well as unmanned aerial systems, loitering munitions, counter drone systems, unmanned ground vehicles, and cyber technology.

The two companies have also agreed to explore the establishment of research and development centres in the UAE and India.

The agreement also allows for the establishment of development, production and maintenance facilities of defence and aerospace solutions to serve both markets, as well as the South-East Asian and wider global markets, Edge said.

“Our agreement with Adani Defence and Aerospace represents a significant milestone, strengthening our ties within India’s defence industry, and underscoring our mutual commitment to advancing UAE-India military ties,” said Hamad Al Marar, managing director and chief executive of Edge Group.

"This agreement reflects our dedication to bringing our customers the most advanced and sophisticated products … while taking advantage of the global export potential, including critical UAE-grown technology.”

The Abu Dhabi-based company currently exports 20 per cent of its products to different markets around the globe, from Africa to Latin America. The UAE armed forces are its largest domestic customer.

Edge expects higher demand for its products amid existing geopolitical tensions, with double-digit percentage growth in revenue forecast in the next two years amid the signing of new contracts and acquisitions, Mr Al Marar told The National in February.

The group, with more than 25 companies under its umbrella, specialises in manufacturing products including drones, military vehicles, pistols, sub-machineguns and sophisticated missile systems.

It has recorded $5 billion in revenue every year and expects the same level or slightly higher this year, with plans to increase revenue in the next two years.

“Around 2026, I would say maybe a two-digit percentage increase. Between this year or next year, we are still fulfilling the contracts that we have in the past,” Mr Al Marar said previously.

The agreement with Adani Defence and Aerospace "reinforces commitment to India’s defence industry, a market of strategic importance for the group", Edge said on Tuesday.

Adani Defence and Aerospace, part of the wider Adani Group, has expanded its operations. In February, it announced a $360 million investment to manufacture ammunition and missiles in India.

It opened two facilities in the northern state of Uttar Pradesh to produce ammunition for India's armed forces, paramilitary forces and police. The facilities are expected to create 4,000 jobs and are estimated to meet 25 per cent of the country's annual requirement, the company said.

COMPANY%20PROFILE%20
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

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Updated: June 11, 2024, 10:22 AM