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 and Tourism

 
  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 7814 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
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Caudalie The Des Vignes
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
Express Your Signature Style
The Memovox Adventure
Tissot Lepine It's making a comeback Vintage
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
The Lacoste Family Capbreton Collection
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Beat the heat with mini dresses
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
Cerruti 1881 Infinite Love
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Enjoy an all-day breakfast at Sophie's Café
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Outstanding Guide programme launched by Sharjah Museums Authority
Shopping assistance for Arabic-speaking passengers in the summer months
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Launch of PINAR Water - Turkey
2XL launches luxurious Louna sofa set in velvet
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
New hope for patients as world's first and only approved therapy to treat two ty...
Emirates makes history with one-off A380 touchdown in Islamabad
‘Green' retailers to continue to gain traction with consumers
Cromia Offers Amazing Discounts during DSS
Dubai Cares honors philanthropist Sunny Varkey for fulfilling his AED 100 millio...
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Etihad Airways Launches Dedicated in-flight Guest Medical Services
Finnair launches off-airport baggage collection and check-in service in London w...
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...