Tawazun Economic Council (Tawazun) and Airbus, a pioneer in the aerospace industry, have signed a Memorandum of Understanding (MoU) under which the latter will establish a wholly owned facility in Abu Dhabi.
The MoU comes as part of Tawazun’s endeavors to attract and promote long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies.
According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems, Helicopter Flight Lab and R&D for UAS/VSR-700, as well as other potential cooperation opportunities of mutual interest.
“Part of Tawazun’s role is to invest in key social infrastructure and create globally integrated industry sectors for the benefit of the UAE through local and global partnerships,” Chief Executive Officer of Tawazun Tareq Al Hosani said. “We are very happy that our partnership with Airbus will serve our shared interests and potentially help position the UAE as a hub within the sector.”