Saab Inks Multiple Agreements With Tawazun at IDEX 2021

Press release
Published February 21st, 2021 - 03:35 GMT
Saab Inks Multiple Agreements With Tawazun at IDEX 2021
The agreements signifies the strong relationships between Saab and Tawazun Economic Council
Highlights
Saab has signed multiple agreements with Tawazun Economic Council and Tawazun Technology and Innovation at the IDEX 2021 international defence exhibition in Abu Dhabi.

Saab has signed multiple agreements with Tawazun Economic Council and Tawazun Technology and Innovation at the IDEX 2021 international defence exhibition in Abu Dhabi. The agreements will see Saab carrying out research and development in the UAE in the sensor systems area as well as participate in the Sustain and Enhance Emiratization in Defence and Security (SEEDS) programme.

The agreements signifies the strong relationships between Saab and Tawazun Economic Council, as the defence and security industry enabler responsible for the creation and development of a sustainable industry in the UAE, and Tawazun Technology and Innovation.

Micael Johansson, Saab’s President and CEO, and Anna-Karin Rosén, Managing Director of Saab Ltd. in the UAE, and His Excellency Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun Economic Council were present at the signing ceremony held at the Tawazun Chalet.

Commenting on the agreements, Anna-Karin Rosén, Managing Director of Saab Ltd., said: “Research and development has been at the core of our strategy to grow in the UAE since we established our development and production centre in Abu Dhabi’s Tawazun Industrial Park (TIP) in 2018. We are excited to deliver in the sensor systems area, for civil as well as military applications, so as to maximise our offering in the UAE and to the international market. We are keen to build on our partnership with Tawazun to form a strong local foundation and a solid defence and security ecosystem in the UAE.”

His Excellency Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun Economic Council, said: “Our partnership with Saab is an example of an international partnership that is beneficial for both parties. Together, Tawazun and Saab will continue to develop and build up the UAE’s critical technical capabilities and national competencies and skills, fortifying our contribution to the UAE. We welcome Saab’s increased participation and involvement with our programs.”

As part of the company’s ongoing commitment to localisation, Saab has also formed a collaboration with Tawazun Economic Council on the Sustain and Enhance Emiratization in Defence and Security (SEEDS) programme. The programme enables Emirati nationals at senior and mid-management levels, as well as fresh graduates of various specialties, to work closely with the world’s top defence and aerospace manufacturers to develop their skillsets.

 “Supporting local talent and creating high-tech jobs in the UAE is a focus for Saab in the country. We are looking forward to growing our local team and having more Emirati nationals join our Saab family,” concluded Rosén.

Background Information

Tawazun Holding

Tawazun Economic Council was founded in 1992 to fulfil a vision of comprehensive and sustainable economic and social development within the UAE.

Since its establishment, the Council enabled creation of more than 90 companies and investment vehicles, covering 11 sectors, including defense manufacturing. These companies play a vital role in boosting economic growth in the UAE.

The Council envisions maximizing economic benefits by providing the needed inputs for the industrial development, supervising relevant acquisition programs, driving necessary industry regulations and contribution to economic diversification. It also targets contribution to enhancing UAE’s industrial stature, to achieving a robust knowledge-based economy and to boosting the flow of Foreign Direct Investments (FDIs)

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