Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Uncategorized

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Türkiye's first-ever unmanned fighter jet, developed entirely with Baykar's own resources, successfully completes the aerodynamic system identification test after taking off from AKINCI Flight Training and Test Center in Tekirdag, Turkiye on March 07, 2025. AFP
By TRENDS Desk AFP
June 11, 2025 11:41 pm
  • Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues
  • The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period

Ankara, Turkey – Ankara has agreed a deal to export 48 Turkish-made fighter jets to Indonesia, President Recep Tayyip Erdogan announced on Wednesday.

Turkey’s defence sector, including the famous Bayraktar drones, accounts for a significant share of the country’s export revenues.”As part of the agreement signed with our friendly and brotherly country, Indonesia, 48 Kaan (fighter jets) will be produced in Turkey and exported to Indonesia,” Erdogan wrote on X.The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period, according to Turkish media.

The deal also includes a technology transfer to Indonesia, Turkish broadcaster TRT Haber reported.

“Indonesia’s local capabilities will also be utilised in the production of Kaan” jets, the Turkish head of state said on X, without providing further details.

The fifth-generation fighter jet Kaan, produced by state-run Turkish Aerospace Industries (TAI), made its first flight in February 2024.

It was then equipped with the same type of engines as those of the F-16 fighter jets but Turkey ultimately plans to equip Kaan jets with a locally produced engine.

In 2024, Turkey’s defence industry export revenues reached $7.1 billion, an increase of $1.6 billion compared with 2023.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]