Today's Edition
ABU DHABI (WAM)
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 Head of Agreement to explore collaborative opportunities in establishing defence manufacturing capabilities, and a Memorandum of Understanding (MoU) to supply defence equipment.
Under the agreement, signed in the presence of Suhail bin Mohammed 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.
LAHAB will also 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 (CEPA).
