Business Wire

NIMR Signs Strategic Teaming Agreement With Saudi Arabian Military Industries (SAMI)

Share

NIMR, the leading manufacturer of combat-proven wheeled military vehicles, today signed a Teaming Agreement with Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund, to establish a framework for future collaboration to explore opportunities for the JAIS 4x4 vehicle in Saudi Arabia. The deal was inked at the International Defence Exhibition and Conference (IDEX 2021) event.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210222005790/en/

His Excellency Staff Major General Pilot Faris Khalaf Al Mazrouei, Chairman of the NIMR Board and Eng. Walid Abukhaled, CEO of SAMI, signed the agreement in the presence of His Excellency Eng. Ahmed A. Alohali, Governor of the General Authorities for Military Industries (GAMI), His Excellency Turki bin Abdullah Al-Dakhil, Ambassador of the Custodian of the Two Holy Mosques to the UAE, His Excellency Faisal Al Bannai, CEO and Managing Director of EDGE, and other leading representatives from NIMR and SAMI. (Photo: AETOSWire)

His Excellency Staff Major General Pilot Faris Khalaf Al Mazrouei, Chairman of the NIMR Board and Eng. Walid Abukhaled, CEO of SAMI, signed the agreement in the presence of His Excellency Eng. Ahmed A. Alohali, Governor of the General Authorities for Military Industries (GAMI), His Excellency Turki bin Abdullah Al-Dakhil, Ambassador of the Custodian of the Two Holy Mosques to the UAE, His Excellency Faisal Al Bannai, CEO and Managing Director of EDGE, and other leading representatives from NIMR and SAMI. (Photo: AETOSWire)

His Excellency Staff Major General Pilot Faris Khalaf Al Mazrouei, Chairman of the NIMR Board and Eng. Walid Abukhaled, CEO of SAMI, signed the agreement in the presence of His Excellency Eng. Ahmed A. Alohali, Governor of the General Authorities for Military Industries (GAMI), His Excellency Turki bin Abdullah Al-Dakhil, Ambassador of the Custodian of the Two Holy Mosques to the UAE, His Excellency Faisal Al Bannai, CEO and Managing Director of EDGE, and other leading representatives of the two entities.

NIMR and SAMI have been negotiating the terms of a potential partnership – the Teaming Agreement encapsulates this outcome. Designed to lay the foundation for a long-term joint venture between the two entities, the agreement mandates NIMR to license technology to the Kingdom to enable local manufacture of the JAIS vehicle and develop Saudi Arabia’s supply chain capabilities. The synergy aligns seamlessly with the Saudi Vision 2030 that underlines the country’s commitment to reaching the goal of localising industry and diversifying the economy.

The JAIS 4x4 competed against a range of vehicles in demanding trials arranged by SAMI and conducted by military experts in Saudi Arabia. The exceptional performance of the battle-tested platform in the trials paved the way for new opportunities for the vehicle in Saudi Arabia.

Speaking on the occasion, His Excellency Faisal Al Bannai, CEO and Managing Director of EDGE, said: “Fostering strategic relationships is a key pillar of EDGE’s strategy, and we look forward to building on this commitment with our colleagues at SAMI. This agreement represents the first military collaboration between Saudi Arabia and the UAE and is a major step in boosting the already robust relations between our respective nations.”

Eng. Walid Abukhaled, CEO of SAMI, said: “We are pleased to witness the culmination of our shared efforts over the past year as we ink this agreement to transfer technology and knowledge to Saudi Arabia’s defence manufacturing sector, contributing to the Saudi Vision 2030 objective of localizing over 50 percent of the military equipment spending by 2030. This achievement also supports PIF’s efforts through SAMI in localizing cutting-edge technology and knowledge, as well as building strategic economic partnerships.”

NIMR is part of the Platforms & Systems cluster within EDGE, an advanced technology group for defence and beyond that ranks among the top 25 military suppliers in the world.

About EDGE

EDGE is an advanced technology group established to develop agile, bold and disruptive solutions for defence and beyond. Enabling a secure future, it is dedicated to bringing innovative technologies and services to market with greater speed and efficiency. Consolidating over 25 entities and employing more than 13,000 brilliant minds, it offers expertise across five core clusters: Platforms & Systems, Missiles & Weapons, Cyber Defence, Electronic Warfare & Intelligence and Mission Support. Headquartered in Abu Dhabi, United Arab Emirates, EDGE is a catalyst for change – set to revolutionise the industry and change its fundamentals.

For more information, visit edgegroup.ae

*Source: AETOSWire

Contact information

EDGE Group Press Office
Thushara Mohanan, media@edgegroup.ae
+971555080413
+971553584520

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Everbridge Awarded Revolutionary New Public Warning Patent for Technology that Automates the Selection of the Optimal Communications Channels to Reach the Broadest, Hyper-Targeted Populations – as Fast as Possible – During a Crisis5.3.2021 13:30:00 CETPress release

Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced the company received a revolutionary new patent related to its world-class Public Warning system. The patent pertains to technology focused on hybrid population alerting systems and intelligent sending of messages in public mobile networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210305005260/en/ Everbridge Awarded Revolutionary New Public Warning Patent (Photo: Business Wire) Everbridge represents the first population alerting provider to serve the entire populations of 11 countries in Europe, Asia, Oceania, the Middle East, Africa, and the Americas, supporting five European Union (EU) countries in conjunction with the EU mandate requiring member countries to have a population-wide alerting system in place by June 2022. In compliance with GDPR, Everbridge Public Warning neither collects nor stores personally identif

COVID-19’s Economic Pinch Drives More Nordic Enterprises Toward Business Process Automation for Competitive Edge5.3.2021 10:00:00 CETPress release

Large enterprises in the Nordics have been implementing business process automation over the last three years, and more organizations now see the urgency of adopting these technologies to stay competitive as COVID-19 strains the regional economy, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2020 ISG Provider Lens™Intelligent Automation – Solutions and Services report for the Nordics finds banking, financial services and insurance companies have led the region in adopting business process automation, seeking higher productivity, cost savings and improved customer experience. Manufacturing, retail and other sectors are also embracing the technologies, which include conversational AI, natural-language processing and AI for IT operations (AIOps). “Early adopters of automation in the Nordics are stepping up digital transformation to gain an advantage when they need it most,” said Jan

International Fashion Designer Anna Chybisova Draws Major Investments Worth $9 Million for her Brand Maison d’Angelann5.3.2021 09:52:00 CETPress release

Following a series of successful market takeovers, Anna Chybisova takes another step towards success by securing another major investment for Maison D’angelann. The Gate Business Service, a private family office based out of the United Arab Emirates, has been announced as the latest investor to back Anna’s brand globally. After having invested $7 million late last year, Gate Business Service secures an additional $2 million worth of investment against a majority stake in Maison d’Angelann fashion brand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210305005133/en/ Anna Chybisova, Fashion Designer & Owner, Maison d’Angelann (Photo: AETOSWire) Anna Chybisova’s designs and business acumen are the foremost reasons behind such heavy investments by the new partner. Reporting sales over $2 million within UAE alone and a sold-out Spring/Summer 2021 collection has strengthened the investor confidence. This growing success and custo

Xlife Sciences AG (XLS): Joint Venture With anfass Life Technologies5.3.2021 08:48:00 CETPress release

Xlife Sciences AG and Solothurn-based anfass Life Technologies AG have entered a joint venture. Hence, the jointly founded Quadira Biosciences AG has access to the 3D CoSeedis(TM) technology platform of abc biopply ag. This unique 3D cell technology enables the replication of human tissue for reliable testing and characterization of antibodies without animal testing. Xlife's technology platform for the development of antibodies will be used even more efficiently. As of today, Xlife Sciences AG has already identified 30 compounds with blockbuster potential with its antibody screening platform. These therapeutic antibodies have already shown to be safe and effective in humans. Xlife can modify these antibodies with utmost accuracy and increase the quality of the active ingredient. These are mainly advanced, highly potent antibodies with higher cytotoxic activity and improved side effect profile for cancer therapy. The target market potential of the pre-selected antibodies is in the range

Moody’s Analytics Wins IFRS 9 Solution Provider of the Year5.3.2021 08:30:00 CETPress release

Moody’s Analytics has won IFRS 9 Solution Provider of the Year in the 2021 Insurance Asset Risk Awards. It is the latest recognition for our capabilities in this space following wins for IFRS 9 – Enterprise Solution of the Year and IFRS 9 – ECL Modelling Solution of the Year at last year’s Risk Technology Awards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210304006204/en/ Central to our offering for insurers is the ImpairmentStudio™ for IFRS 9 solution, a cloud-based platform that brings together our award-winning economic scenarios, data, models, and enterprise software. Financial institutions use it to automate the credit loss impairment calculations mandated by the new IFRS 9 accounting standard. For insurers, these new financial reporting requirements call for much more granular data than was previously needed. The Moody’s Analytics offering helps them access and use all of the required data while managing and monito

Mitsubishi Heavy Industries Engineering to Test Carbon Capture Technology at Technology Centre Mongstad in Norway5.3.2021 07:43:00 CETPress release

Mitsubishi Heavy Industries Engineering (MHIENG), part of Mitsubishi Heavy Industries (MHI) Group, has entered into an agreement with Technology Centre Mongstad (TCM) to test its proprietary solvent for capturing CO2 at the amine plant located in Mongstad, Norway. The test campaign will start in May. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210304006210/en/ Technology Centre Mongstad located at the west coast of Norway (Photo: Business Wire) The proprietary solvent to be tested is the KS-21TM, an amine-based adsorbent used in the “Advanced KM CDR ProcessTM” newly developed by MHIENG in collaboration with Kansai Electric Power Co., Inc. (KEPCO). Its long-term usage will be demonstrated in Norway, one of the world’s most advanced countries with respect to environmental regulations on CO2 capture, in a quest to achieve commercialization within 2021. Compared to the earlier KS-1TM solvent, which has been adopted at 13 comm

C3.ai Digital Transformation Institute Announces Shell as New Industry Partner4.3.2021 20:00:00 CETPress release

The C3.ai Digital Transformation Institute (DTI) today announced that global energy company Shell is the newest industry partner to join the consortium of universities, national laboratories, and companies that make up the Institute. Shell’s Chief Scientist - Computation and Data Science Detlef Hohl will represent the company in the consortium. The DTI Industry Partner Program enables leading companies from around the world to engage with DTI researchers and activities and to contribute data sets that will be available for research after anonymization. Industry partners also are encouraged to engage with Institute researchers and collaborate on research projects as well as participate in DTI conferences. DTI recently released its second call for proposals to fund advanced research projects focused on applying digital transformation and AI to address energy and climate security. “Shell has established clear leadership in new energy, having laid out its ‘Powering Progress’ commitment to