ST Engineering to serve as subcontractor for Kuwaiti navy vessels deal
The contract is valued at 600 million Singapore dollars (467.6 million USD).
The contract is valued at 600 million Singapore dollars (467.6 million USD).
David Massey sat down with Breaking Defense in DIMDEX in Qatar and explained how medium-sized USVs are already old hat.
“This joint venture with Barzan Holdings shows the importance EDGE places on trusted partnerships as we expand internationally," EDGE Group CEO Hamad Al Marar told Breaking Defense.
The ship is the latest in the UAE’s push to develop home-grown naval systems to reduce reliance on foreign platforms, analyst Kristian Alexander told Breaking Defense.
The unveiling of the new vessel in Jakarta was evidence of the Gulf firm's interest in the Indo-Pacific market, a company official said.
The deal reinforces the company's commitment to developing a sustainable knowledge and innovation-based economy in line with the UAE's Vision 2030, CEO of Abu Dhabi Ship Building told Breaking Defense.