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

Turkish defense and aerospace companies make a beeline for the UAE

Dubai, 21 December 2017:  TİM Tanıtım Organizasyon İç ve Dış Ticaret A.Ş. (TİM A.Ş), the specialised organisation of Turkish exporters, has revealed that the UAE was Turkey's top export markets in the GCC at USD 62 million followed by Saudi Arabia (USD 48 million).

Turkey's exports to the GCC have been on a steady rise since 2011 when the government launched several indigenous programs, including for helicopters, drones, frigates and corvettes, tanks, missile systems, and a fighter jet. Other exports include electronic and electro-mechanical systems, software, management systems, cyber-security solutions flight simulators.

Turkey's defense and aerospace exports have almost doubled globally in five years, rising from $883 million in 2011 to $1.68 billion in 2016 and to $1.53 billion in the 11 months of 2017.

Recently, eight specialist aerospace and defense oriented Turkish companies set up impressive exhibits at Dubai Airshow 2017. The ATAK helicopter flew in Dubai for the first time while TAI brought its ANKA-S, Hürkuş and T625 helicopters to the Dubai Airshow. Participating Turkish companies included Airport Solutions Turkey, Ayesas, Havelsan A.S., Nicomatic, Roketsan Roket Sanayii Ve Ticaret A.S., Tai-Tusas Aerospace and Turkish Aerospace Industries (TAI) with its subsidiaries Turkish Cabin Interior, Turkish Cargo Sponsorship, Turkish Seat Industry and Turkish Technic.

Mehmet Buyukeksi, Chairman of TİM A.Ş said: “Turkish defense industry has an aggressive goal of reaching an export target of $25 billion and being self-sufficient by 2023. Our strong participation at the Dubai Airshow helped us reach our export target faster as more deals originated at the airshow and further business is expected from the GCC market.”

Turkey's top armoured vehicles manufacturers are aggressively seeking deals in the GCC. A $661 million joint venture, signed in February 2017, between Turkish military vehicle manufacturer Otokar and UAE firm Tawazun created Al Jasoor, the 8x8-wheeled amphibious armoured vehicles brand. Aselsan and the Saudi public company TAQNIA DST have joined forces to design and produce radar, EW and EO-IR equipment, while Aselsan and TAI are currently modernising Bahrain's Cobra helicopters.

According to the Turkish Under Secretariat for Defence Industries (SSM), more than 500 companies have added nearly 3,000 military products to the Turkish defence industry product catalogue and the total value of contracted projects amounted to approximately $31.2 billion.

 



Posted by : GoDubai Editorial Team
Viewed 12755 times
Posted on : Thursday, December 21, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : The 24 Palaces de France : Welcome to the world of expertise and excellence à la française
Next Story : Cathay Pacific and Cathay Dragon to introduce new ‘smart bag' policy
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
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Maintain Healthy Skin Year Round
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market
Interview with Asil Attar, CEO of Al Yasra Fashion
Holiday Gifting Made Easy with Wet n Wild Beauty Specials
Get Ready for Party Season with Lottie's new make-up hits
Tissot PR100 Lady Sport – Chic Glamourous Festive Season
Festive Gift Sets from Bubble T
Winter wool Christmas must- haves
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Samsung Galaxy A9 – Designed to capture the world in its fullest
New 1948 Seamaster Watches Join the Ranks'
Michael Kors Collection Transeason 2019 Press Presentation
Chic and Stylish Wraps with a 3 in 1 effortless concept
DKNY Launches (Limited Edition) Holiday 2018 Collection
9th Edition of China Homelife Exhibition to Have Over 3000 Exhibitors Across Bus...
New Menu alert: Moombai & Co. launches exciting and delicious food items to its menu
Tissot PR100 Lady Sport – Chic Sporty yet Feminine
Els Back for the 30th Omega Dubai Desert Classic Aiming for a Record Fourth Victory
Dubai Shopping Festival Wednesday Specials at The Smile Bar
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Get Party Ready with Champion Cleaners
Raja Al Gurg is one of Forbes Magazine's 100 most powerful women in the world
Santa is Coming to Town!
Nine winners honored by DQG for their innovative ideas at the 10th Global Contin...
UAE students win top awards at international math competition in Malaysia
Enjoy 11 exciting new street entertainment shows at BOLLYWOOD PARKS™ Dubai
Jury Announced for Epson's First Ever Win-A-Robot Competition in Europe, The Mid...
'Introducing the GUESS Jeans Fall 2018 Collection'
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
No P-ain, No G-ain! Mega Musclemen Return to Dubai
Al Hosn Now Open to the Public
ICAEW recognises Middle East's best finance professionals
His Highness Sheikh Saud discusses collaboration with British Consul-General And...
It's a Wrap! The Second JLT Restaurant Awards Conclude with a Glitzy Ceremony At...
CBUAE and Central Bank of China meet to Enhance Renminbi Clearing in the UAE
Listen to the Autism Beat Gala Dinner at Atlantis - The Palm
Arla Foods launches initiative with UAE Ministry of Education to promote healthi...
CITIZEN's “#MyBetterStartsNow” campaign seeks out UAE's inspired and driven indi...
Young Emirati Champion Rashid Al Dhaheri Powers Ahead to Stunning Victory at the...
Joe's Backyard Opens at the Holiday Inn, Dubai Festival City
Julphar to Launch Wearable Insulin Delivery Device in GCC
Zayed Book Award Longlist Announced for ‘Young Author' Category (2018 - 2019)
Dubai Islamic Bank triumphs at Islamic Business and Finance Awards 2018
Al Ghurair Centre Teams Up With Nike to Support Its ‘We Play DXB' Campaign
University of Balamand Dubai and Emicool agree MoU for student scholarships