GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel, Tourism and Hotels

 
  Share

Host of groundbreaking deals unveiled on opening day

Dubai, UAE. November 14, 2017:  UK Secretary of State for International Trade, Dr Liam Fox, today witnessed the signing of a groundbreaking new joint venture between the UK and the UAE, as the Dubai Airshow 2017 opened its doors and immediately facilitated a host of major business deals.

The agreement, between target manufacturer QinetiQ and Middle East General Enterprises will see the UK-based firm invest in the development of both infrastructure and training capability designed to enable a new Emirati workforce to provide the skilled manufacture of maritime, land and air targets, both for use by the UAE armed forces and for export around the wider region.

Managing director international at QinetiQ, Ian Farley, said: “For us, this is a real statement of intent to invest in the UAE to transfer knowledge so that we can hire new recruits and develop local Emiratis to be able to do skilled jobs related to the assembly, test and supply of a target service to the armed forces here in the UAE. It's the way that we want to build business going forward, where we make investments in local markets in partnership with local companies that we feel provide us with enduring capability.”

“This is going to be an Emirati business, it's primarily for this market and the technicians and engineers that are going to be building this product are local. However, this is not just a business for the UAE, nor is it just a regional export opportunity. This is an integral part of our target business globally.”

The joint venture was the latest in a series of far-reaching deals agreed on day one of the event at DWC, with more than US$17 billion in sales agreed in just the first four hours of opening.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, was joined by his son, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and officials from Emirates airline and Boeing to witness the signing of a US$15.1 billion commitment to purchase 40 Boeing 787-10 Dreamliners.

Commenting on Dubai Airshow 2017's opening day, Michele van Akelijen, Managing Director of organisers Tarsus F&E LLC Middle East, said: “The Dubai Airshow has always had truly international appeal, attracting exhibitors from 60 countries this year. To see international agreements, especially those that bring investment to the UAE, being signed here on day one proves the value of the show.”

More than 72,500 trade visitors are expected across the event's five-day run, representing the entire spectrum of the aerospace industry.

The Dubai Airshow takes place 12-16 November at DWC, Dubai Airshow Site and is open to trade visitors from within the aerospace industry. Visitor tickets can be purchased from www.dubaiairshow.aero and are valid for the full five days.



Posted by : GoDubai Editorial Team
Viewed 9162 times
Posted on : Tuesday, November 14, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Emirates Flight Training Academy officially inaugurated
Next Story : New Calidus B-250 aircraft to feature Rockwell Collins Pro Line Fusion® integrated avionics
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Switch your hair colour safely for the new season with Rahua's Color Full range
Everyday care for your baby's hair with Fifi & Friends!
Bringing you warmth and shine this festive season
Season's Greetings 2018
Twelve Holiday Gifts for the Beauty-Obsessed Woman
The Smile Bar Opens Its First Store in the UAE
Purely Pandora Classics With a Twist
New 1948 Seamaster Watches Join the Ranks
Festive Gifting Guide
Add a festive sparkle to your eyes with Palladio Beauty
Tryano Launches Elemis
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Ma...
Hour Choice presents Coach Park Collection
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style
Certina DS PH200M collection
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this f...
Tissot T-Race Marc Marquez
LACOSTE presents its new Legacy collection
Coca-Cola Puts Extra Fizz Into Its Factory Thanks to Digitisation
Sawalef Perfumes is now available at Mirdif City Centre
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festi...
Parah dedicates its Fall/Winter 2018/19 collection to femininity
Introducing Nokia 3.1 Plus to the UAE
Introducing the GUESS Holiday 2018 Collection
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei w...
The new BMW 8 Series Convertible.
Zoho launches its cloud accounting software in Bahrain
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage
Superhero Color Runners Prove We Are All Unstoppable!
The Ultimate Festive Guide For Little Ones
Special Olympics Will Create a Legacy of Inclusion Through Art
MG Motor unleashes the all-new MG6 in the Middle East
Alstom delivers first Dubai metro trainset on time
Puma Launches RS-X Toys
Celebrate a Month-long Festive Feast at Swissôtel Al Ghurair
Souq.com's Biggest Ever White Friday Sale
Puma Drops Cali in New Colorway
InMotion Ventures Invests in Arc Vector – the World's Most Advanced Electric Mot...
Mademoiselle Longchamp
Epson's Saudi roadshow highlights environment friendly Inkjet printers in line w...
Sheikh Mohammed Bin Rashid Al Maktoum Global Aviation Award
MDC Business Management Services Wins ‘Best Shared Services Initiative in UAE' Award
HE Abdulla Ali Bin Zayed Al-Falasi officially opens HR Summit & Expo 2018
Celebrated singer and songwriter Atif Aslam set to perform at BOLLYWOOD PARKS™ Dubai
Roda Hotels and Resorts named front-runner and pioneer of the regions hospitalit...
The Central Bank's Higher Sharia Authority Discussed the Sharia Governance for t...