Company Insights Edge Group Defence Edge Group Overview Edge Group is an advanced technology and defence conglomerate, established in 2019 by Emirati business executive Faisal Al Bannai. The group consists of 25 companies focused on both military and civilian products, including precision-guided munitions. It ranks among the top three global manufacturers of these munitions. Edge group has rapidly expanded internationally, with products exported to over 30 countries and international sales exceeding $5 billion in 2022, reflecting a 500 percent growth. The group’s recent acquisitions include Estonian Milrem Robotics, Swiss VTOL firm Anavia, as well as stakes in Brazilian tear gas manufacturer Condor and Italian shipbuilder Fincantieri. Edge Group’s technological contributions include the launch of Fada, a space firm and the development of autonomous systems like VTOL drones and loitering munitions. It also leads in radar, air defence and electronic warfare technologies. The company has secured landmark contracts, including a $27 million ammunition deal with Indonesia in 2024. It has also formed strategic partnerships with Brazil, India, Turkey and Indonesia, focusing on defence and technological innovation. Edge Group News Manufacturing US maker of ‘flying ferries’ builds on UAE backing A US developer of electric passenger sea planes backed by UAE defence company Edge Group expects to secure more orders for its prototype from the UAE and Egypt before the end of May. Rhode Island-based Regent has developed an all-electric sea plane prototype, which the company calls a seaglider, capable of carrying 12 people at […] March 18, 2025 Aviation Airbus weighs production of military aircraft parts in UAE European planemaker Airbus is exploring the possibility of manufacturing components and setting up a maintenance facility for the A400M, a military transport aircraft, in the UAE. The plan includes integrating local entities – including EPI, part of defence company Edge Group, and Strata, a subsidiary of Abu Dhabi investment vehicle Mubadala – into the A400M’s global aerospace […] March 5, 2025 Finance UAE commits $40bn to support Italy’s economy The UAE has committed to invest $40 billion in core sectors of the Italian economy, as the countries advance towards a comprehensive strategic partnership agreement (Cepa), the two nations said in a joint statement. More than 40 new agreements were signed across priority areas such as defence, energy, sustainable energy, and energy transition and space […] February 25, 2025 Defence UAE agrees $6bn in military equipment contracts The UAE signed contracts worth more than AED23 billion ($6.3 billion) for military equipment and defence this week, wrapping up the Middle East’s largest defence exhibition in Abu Dhabi. It also further expanded its supplier base beyond its traditional US partners and encouraged local manufacturing. Though no contracts were signed with Israel – with which […] February 21, 2025 Trade Edge Group invests in Israeli defence supplier UAE state-owned defence conglomerate Edge Group has bought a 30 percent stake in Israeli military supplier Thirdeye Systems for $10 million. The deal is a rare public investment by an Emirati company in Israel since the Gaza war began 15 months ago. Edge will also put an additional $12 million into a new, majority Edge-owned […] January 29, 2025 Manufacturing UAE-Italian venture wins $434m deal for naval vessels A joint venture between UAE’s state-owned defence company Edge Group and Italy’s Fincantieri will build a shipbuilding facility for advanced naval vessels in Abu Dhabi. The new venture, Maestral, has secured a large order from the UAE Coast Guard Forces for 10 advanced 51-metre offshore patrol vessels (OPVs) worth €400 million ($434 million). NewsletterGet the Best […] May 21, 2024 Industry UAE’s Edge Group buys stake in tear gas manufacturer The UAE’s state-owned defence company Edge Group has acquired 51 percent of a Brazilian company which specialises in the manufacture of non-lethal technologies (NLT) such as tear gas and rubber bullets. Condor Non-Lethal Technologies (Condor) has presence in more than 85 countries and is the world’s largest producer of tear gas and related products for […] May 2, 2024 Industry UAE’s Edge sets up venture with Italian shipbuilder The UAE’s state-owned defence company Edge Group and the Italian shipbuilding company Fincantieri have agreed to launch a new venture to manufacture naval vessels. Edge will hold a 51 percent stake in the venture, which has a commercial pipeline worth nearly €30 billion ($32 billion). Fincantieri will manage the new entity. The Abu Dhabi-based joint venture […] February 22, 2024 Tech UAE’s drone sector flies high but challenges persist As the drones sector in the UAE continues to grow, Microavia, a Dubai-based drone company, is using its drones to explore for critical minerals in Central Asia and Kazakhstan. These drones, equipped with AI and computer vision technology, conduct geophysical surveys at low altitudes, providing cost-effective geological information compared with ground-based exploration. The story is […] January 4, 2024 Analysis Trade Coffee fuels growth plans for UAE-Colombia trade The UAE finalised the terms of a trade deal with Colombia on Saturday as a Dubai free zone is also targeting growth with the commodities-rich nation. The comprehensive economic partnership agreement (Cepa) is the first bilateral trade deal between the Gulf and South America. Dubai Multi-Commodities Centre (DMCC) brought its Made for Trade Live roadshow […] December 4, 2023 Posts navigation 1 2 Next
Manufacturing US maker of ‘flying ferries’ builds on UAE backing A US developer of electric passenger sea planes backed by UAE defence company Edge Group expects to secure more orders for its prototype from the UAE and Egypt before the end of May. Rhode Island-based Regent has developed an all-electric sea plane prototype, which the company calls a seaglider, capable of carrying 12 people at […] March 18, 2025
Aviation Airbus weighs production of military aircraft parts in UAE European planemaker Airbus is exploring the possibility of manufacturing components and setting up a maintenance facility for the A400M, a military transport aircraft, in the UAE. The plan includes integrating local entities – including EPI, part of defence company Edge Group, and Strata, a subsidiary of Abu Dhabi investment vehicle Mubadala – into the A400M’s global aerospace […] March 5, 2025
Finance UAE commits $40bn to support Italy’s economy The UAE has committed to invest $40 billion in core sectors of the Italian economy, as the countries advance towards a comprehensive strategic partnership agreement (Cepa), the two nations said in a joint statement. More than 40 new agreements were signed across priority areas such as defence, energy, sustainable energy, and energy transition and space […] February 25, 2025
Defence UAE agrees $6bn in military equipment contracts The UAE signed contracts worth more than AED23 billion ($6.3 billion) for military equipment and defence this week, wrapping up the Middle East’s largest defence exhibition in Abu Dhabi. It also further expanded its supplier base beyond its traditional US partners and encouraged local manufacturing. Though no contracts were signed with Israel – with which […] February 21, 2025
Trade Edge Group invests in Israeli defence supplier UAE state-owned defence conglomerate Edge Group has bought a 30 percent stake in Israeli military supplier Thirdeye Systems for $10 million. The deal is a rare public investment by an Emirati company in Israel since the Gaza war began 15 months ago. Edge will also put an additional $12 million into a new, majority Edge-owned […] January 29, 2025
Manufacturing UAE-Italian venture wins $434m deal for naval vessels A joint venture between UAE’s state-owned defence company Edge Group and Italy’s Fincantieri will build a shipbuilding facility for advanced naval vessels in Abu Dhabi. The new venture, Maestral, has secured a large order from the UAE Coast Guard Forces for 10 advanced 51-metre offshore patrol vessels (OPVs) worth €400 million ($434 million). NewsletterGet the Best […] May 21, 2024
Industry UAE’s Edge Group buys stake in tear gas manufacturer The UAE’s state-owned defence company Edge Group has acquired 51 percent of a Brazilian company which specialises in the manufacture of non-lethal technologies (NLT) such as tear gas and rubber bullets. Condor Non-Lethal Technologies (Condor) has presence in more than 85 countries and is the world’s largest producer of tear gas and related products for […] May 2, 2024
Industry UAE’s Edge sets up venture with Italian shipbuilder The UAE’s state-owned defence company Edge Group and the Italian shipbuilding company Fincantieri have agreed to launch a new venture to manufacture naval vessels. Edge will hold a 51 percent stake in the venture, which has a commercial pipeline worth nearly €30 billion ($32 billion). Fincantieri will manage the new entity. The Abu Dhabi-based joint venture […] February 22, 2024
Tech UAE’s drone sector flies high but challenges persist As the drones sector in the UAE continues to grow, Microavia, a Dubai-based drone company, is using its drones to explore for critical minerals in Central Asia and Kazakhstan. These drones, equipped with AI and computer vision technology, conduct geophysical surveys at low altitudes, providing cost-effective geological information compared with ground-based exploration. The story is […] January 4, 2024
Analysis Trade Coffee fuels growth plans for UAE-Colombia trade The UAE finalised the terms of a trade deal with Colombia on Saturday as a Dubai free zone is also targeting growth with the commodities-rich nation. The comprehensive economic partnership agreement (Cepa) is the first bilateral trade deal between the Gulf and South America. Dubai Multi-Commodities Centre (DMCC) brought its Made for Trade Live roadshow […] December 4, 2023
