Tawazun Industrial Park (TIP) and the Emirates Defense Companies Council (EDCC), have signed a memorandum of Understanding which provides for offering a special package of facilities and benefits by the Park to the Council member companies. It also aims to establish a framework for the TIP and EDCC to cooperate and complement each other towards enhancing the strategic defense and security industry in the United Arab Emirates.
Sultan Abdulla Al Samahi, Acting Director General of the EDCC and Fayez Saleh Al Nahddy, Chief Executive Officer of TIP, signed the MOU on Monday at the EDCC stand in UMEX 2018.
Under the MOU, TIP will offer preferential lease rates to EDCC members for all industrial assets of TIP, including Workshops, warehouses, Light Industrial Units (LIU) and staff accommodation. The Park will also subsidize the power connection costs of EDCC members requesting power supply equal to, or less than 250 KW.
Following the signing, Sultan Al Samahi said EDCC’s cooperation with TIP would provide wider horizons for the national defense companies, adding that the move is expected to contribute in accelerating the growth of defense and security manufacturing sector in the UAE.
“The facilities and benefits offered by Tawazun Industrial Parke will enable the national defense companies to strengthen their competitive advantages and drive their growth,” said Al Samahi.
He noted that the EDCC, on the other hand, will introduce TIP to its members and partners, and will use its different platforms, including the website, to promote the services offered by the Park to the strategic manufacturers in the UAE.
For his part, Fayez Al Nahddy highlighted the benefits the EDCC members will receive under the MOU.
“Emanating from its role as a key enabler to the Defense and security industry in UAE, TIP will support EDCC’s efforts by hosting get-togethers and events in the Park,” he said.
Al Nahddy pointed out that as an integrated facility for defence and security related manufacturing, TIP supports the UAE’s long-term ambitions to develop specialist areas of expertise in key industries and is is already home to a number of world leaders in defense manufacturing.
The EDCC, which is mandated to be the primary communication platform between industry players both local and international, as well as strategic government stakeholders.