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UAE-Jordan venture to produce tactical vehicles

posted on 21/03/2001: 2261 views

The UAE has entered into a joint venture with Jordan to produce the Tiger, a new tactical defence vehicle, in Jordan. Investments will be US$25-US$40 million. Production is expected to begin shortly and about 1,500 vehicles will be produced in the next two to three years. These vehicles will be primarily for the Jordanian forces, the UAE and perhaps some regional countries.

Initially, there will be three versions of the Tiger. Meanwhile, General Exhibitions Corp (GEC) has been awarded a contract to manage and promote Jordan's Special Operations Forces Exhibition (Sofex).

Consequently, GEC has decided to cancel Tridex as it might compete with Sofex. The contract was signed by Jordan's Prince Faisal bin Al Hussain and Saeed bin Jabr Al Suwaidi, Deputy Chairman of GEC and Chairman of the Abu Dhabi Chamber of Commerce and Industry.

GEC will market Sofex internationally for the next event scheduled for April 2002. This will be the first time GEC, organiser of the Idex series, will expand beyond the UAE. It is also part of a plan to increase the number of exhibitions to 15 from the present six. "We have the cadre and the ability to hold and run exhibitions outside the UAE. And we wanted to take the expertise outside the country as well," Al Suwaidi said.

"Our decision to drop Tridex is intended to avoid competition with Sofex. Also, it might prove a load on exhibitors to participate in both events in the region." On Egypt's non-participation at the current IDEX, Sultan Al Suwaidi said, "It was purely for their own reasons that they could not make it. There are no differences between us which might have led them to not participate." (The Gulf News)


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