Page 57 - KHALIFA FUND PR REPORT FEBRUARY 2025

2/19/25, 1:40 PM Khalifa Fund for Enterprise Development sponsors 6 ventures - Middle East News 247

Khalifa Fund for Enterprise Development sponsors 6

ventures

By News Desk 1 18/02/2025

The Khalifa Fund for Enterprise Development (KFED) announced its sponsorship to six innovative ventures

participating in the International Defence Exhibition and Conference (IDEX), held under the patronage of His
Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the United Arab of Emirates and
Supreme Commander of the Armed Forces, at the Abu Dhabi National Exhibition Centre (ADNEC) from
th
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17 to 21 of February 2025.
The participating ventures supported by KFED at IDEX are: ‘AUAV for Drone Services,’ which offers

specialised training courses for secure drone operation. It also plans to launch an advanced drone model by
leveraging artificial intelligence (AI) technology, ‘UNILUX Heavy Equipment Spare Parts,’ which has
decades of expertise in the production and trade of spare parts for heavy equipment and military vehicles,

alongside manufacturing spare parts for heavy equipment and military vehicles, alongside manufacturing
spare parts for lightweight machinery for cutting metal with laser and water; as the company has received
support and guidance from the Fund to expand its growth.

The participating ventures also include: ‘Droo for Defence Equipment,’ which focuses on developing all

kinds of military defence equipment and bullets, ‘Al Ajwa for Military Equipment,’ specialising in producing

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