International Finance
Featured Technology

UAE’s EDGE allocates Dh1 bn funds for advanced technologies in defence

EDGE UAE
Last year, EDGE signed several military and security deals over $5 billion

EDGE, the new advanced technology group for defence in the UAE, has allocated more than Dh1 billion to develop technologies in the field of missiles, vehicles and research and development in 2020, media reports said. 

The announcement of funds allocation was made during the Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX) 2020.

Last year, EDGE signed several military and security deals worth more than $5 billion. The UAE’s first local drone was designed by Adasi, a subsidiary of EDGE. According to a report published by Teal Group,  military spending on drones globally is expected to reach $98 billion in the next ten years

The Garmousha drone resembles a helicopter and is designed to carry load up to 100 kilograms for a flight duration of six hours across 150 kilometres, media reports said. 

Garmousha is significant to the country’s drone technology as future drones will be designed based on its autonomous capabilities. EDGE has now become the Advanced Technology Partner of the second edition of the biennial Mohamed bin Zayed International Robotics Challenge 2020 (MBZIRC 2020). MBZIRC 2020 was organised by Khalifa University of Science and Technology.

Hussain bin Ibrahim Al Hammadi, MBZIRC’s Steering Committee Chair, told the media, “As a prestigious international competition in robotics and artificial intelligence, MBZIRC 2020 has attracted not only top international teams but also major UAE government organisations such as EDGE as the Advanced Technology Partner.” 

The UAE aims to become a leader in artificial intelligence. The country believes advanced technology is vital to its field of defence and military. 

What's New

Start-up of the Week: The ‘Zipline’ way of serving humanity through drone-powered logistics

IFM Correspondent

Tesla shareholders advised to reject Elon Musk’s USD 56 billion pay

IFM Correspondent

MEDGULF: Shaping the future of insurance in Saudi Arabia with innovation & integrity

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.