Company Insights Edge Group Tech 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 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). Edge owns 51 […] 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 Tech UAE’s Edge buys 52% stake in Swiss UAV maker UAE state-owned defence company Edge Group has acquired a 52 percent majority shareholding in Anavia, a Swiss unmanned aerial vehicle (UAV) developer. The company manufactures unmanned helicopters for surveillance and reconnaissance missions, as well as inspection, mapping and cargo. Edge aims to use the unmanned helicopters to strengthen its air, land, and maritime capabilities, the UAE state-run […] November 7, 2023 Finance UAE’s Edge buys 50% of Brazil’s smart weapons firm UAE state-owned defence company Edge Group has acquired a 50 percent stake in Brazilian smart weapons and high-tech systems specialist Siatt. The acquisition, which follows a pact signed in April this year, is part of a co-development agreement between Edge and the Brazilian Navy for advanced long-range anti-ship missile technology, the UAE state-owned Wam news […] October 1, 2023 Tech Saudi Arabia makes move on Estonia’s tech industry Saudi Arabia has signed multiple deals with companies in Estonia as it tries to tap into the European country’s tech industry. Five memoranda of understanding and cooperation agreements across trade, technology and entrepreneurship have been negotiated by Saudi’s Ministry of Investment. A Saudi-Estonian business council is also planned under an agreement between the Federation of […] July 5, 2023 Tech UAE’s Edge buys majority stake in Jordan robotics firm UAE’s technology and defence firm Edge Group has acquired an 80 percent stake in Mars Robotics, an autonomous robotics services provider in Jordan. Mars Robotics will work with Edge’s advanced concepts, focusing on design, development, and deployment of advanced and innovative technologies. Mansour Al Mulla, managing director and CEO of Edge, said: “As we rapidly […] May 24, 2023 Tech Brazil now has the Edge in defence technology Technology and defence giant Edge Group is opening a new regional office in Brazil’s federal capital, Brasilia. The office is part of Abu Dhabi-based Edge’s plans to take advantage of opportunities in local markets as experts expect defence spending in Brazil to increase to nearly $25 billion this year. The announcement was made at LAAD […] April 12, 2023 Posts navigation 1 2 Next
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). Edge owns 51 […] 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
Tech UAE’s Edge buys 52% stake in Swiss UAV maker UAE state-owned defence company Edge Group has acquired a 52 percent majority shareholding in Anavia, a Swiss unmanned aerial vehicle (UAV) developer. The company manufactures unmanned helicopters for surveillance and reconnaissance missions, as well as inspection, mapping and cargo. Edge aims to use the unmanned helicopters to strengthen its air, land, and maritime capabilities, the UAE state-run […] November 7, 2023
Finance UAE’s Edge buys 50% of Brazil’s smart weapons firm UAE state-owned defence company Edge Group has acquired a 50 percent stake in Brazilian smart weapons and high-tech systems specialist Siatt. The acquisition, which follows a pact signed in April this year, is part of a co-development agreement between Edge and the Brazilian Navy for advanced long-range anti-ship missile technology, the UAE state-owned Wam news […] October 1, 2023
Tech Saudi Arabia makes move on Estonia’s tech industry Saudi Arabia has signed multiple deals with companies in Estonia as it tries to tap into the European country’s tech industry. Five memoranda of understanding and cooperation agreements across trade, technology and entrepreneurship have been negotiated by Saudi’s Ministry of Investment. A Saudi-Estonian business council is also planned under an agreement between the Federation of […] July 5, 2023
Tech UAE’s Edge buys majority stake in Jordan robotics firm UAE’s technology and defence firm Edge Group has acquired an 80 percent stake in Mars Robotics, an autonomous robotics services provider in Jordan. Mars Robotics will work with Edge’s advanced concepts, focusing on design, development, and deployment of advanced and innovative technologies. Mansour Al Mulla, managing director and CEO of Edge, said: “As we rapidly […] May 24, 2023
Tech Brazil now has the Edge in defence technology Technology and defence giant Edge Group is opening a new regional office in Brazil’s federal capital, Brasilia. The office is part of Abu Dhabi-based Edge’s plans to take advantage of opportunities in local markets as experts expect defence spending in Brazil to increase to nearly $25 billion this year. The announcement was made at LAAD […] April 12, 2023
