New market study, "United Arab Emirates Defence & Security Report 2016", has been published

The UAE's local defence industry is still in the early stages of development, and as such, domestic companies rely on assistance from foreign firms to manufacture sophisticated military equipment. The armed forces' requirements for high-tech naval, air power, missile and surveillance products are therefore predominantly met through imports . However, the government - as part of its economic diversification strategy - is working to expand the local defence industrial base, and is actively encouraging joint ventures (JVs) between international companies and UAE-based entities . The country ranks in the top 15 globally for the size of its defence budget, and we expect further spending growth over our forecast period to 2025, driven by the rising threat from Islamist militancy in the region, growing levels of cybercrime, and the persistent risk of conflict with Iran . This will facilitate continued growth in both defence imports and exports over the long term.

Full Report Details at
- http://www.fastmr.com/prod/1152778_united_arab_emirates_defence.aspx?afid=301

Recent Developments:

UAE's Al Marakeb has partnered with UK's Raytheon to develop USV technology, it announced at the UMEX exhibition in Abu Dhabi in March 2016.

UAE-based Nimr Automotive partnered with South Africa's Denel Vehicle Systems in November 2015 to first produce N35 vehicles, and then develop 4x4 N35-4 and 6x6 N35-6 models over the next two years.

In March 2016, Tawazun announced the establishment of another two business lines; Advanced Pyrotechnics, which will be focusing on the manufacturing of non-lethal ammunitions, and Al Hosn Armored Systems, which will produce protective personal gear.

Lockheed Martin reported in November 2015 that it was partnering with Sweden-based Exechon and Abu Dhabi-based Injaz National to establish a machining centre in the UAE.

Canadian WESCAM announced that it was partnering with ADASI to open a centre in Abu Dhabi in November 2015 for the maintenance and repair of its imaging and targeting systems.

In the same month, US' Orbital ATK stated in a press release that it was forming a new subsidiary in the UAE with Al Tuff.

The UAE signed an agreement with India to strengthen defence ties and expand defence industry collaboration in August 2015. In September, Indian Reliance Defence Limited reportedly signed a cooperation MoU with EDIC.

Also in September 2015, Indonesia's PT Pindad signed an agreement with the UAE for possible defence industry collaboration, under which it offered technology transfer to local logistics and support company Continental Aviation Services in the small arms and ammunition segment.

In March 2016, the UAE signed a deal to purchase eight P.1HH HammerHead UAVs from Piaggio Aerospace.

The UAE announced in February 2016, that it will fit its eight Boeing C-17 Globemaster II transport aircraft with AN/AAQ-24(V)N LAIRCM systems from Northrop Grumman.

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