Page 62 - KHALIFA FUND PR REPORT FEBRUARY 2025
P. 62
uniforms, badges, tents, field accommodation supplies, lighting apparatus, head protection gear,
goggles, and gloves. These companies have received support from KFED to expand their
operations.
'UAE Defence Technology' deals with trading precision electronic devices and spare parts for arms,
bullets, equipment, and heavy vehicles. Meanwhile, 'Black Wolf for Military Equipment Trade'
focuses on trading military uniforms, supplies, equipment, and delivering simulated military drills.
These ventures are part of KFED's initiative to promote economic diversification in the UAE.
Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, stated: "Our support for
these participating companies underscores our unwavering commitment to advancing strategic
ventures that enhance economic and industrial diversification, particularly in defence technology.
By facilitating their participation in IDEX, these six ventures are provided with a unique platform to
engage with global leaders, key decision-makers, and manufacturers of original equipment in the
defence and military technology sector. This initiative aligns with our vision to elevate the UAE’s
standing as a global hub for defence industries."
Khalifa Fund's involvement in IDEX highlights its dedication to supporting start-ups in the defence
sector through guidance and consultation. This support aims to inspire entrepreneurs to transform
their innovative ideas into successful businesses. By doing so, they contribute significantly to the
UAE's growing defence and technology ecosystem.
https://www.onearabia.me/local/khalifa-fund-sponsors-six-ventures-idex-2025-011-99257.html