Q:
A:
Serbia will produce highly sophisticated missiles for UAE
Belgrade,
17 February 2013
First Deputy Prime Minister and Minister of Defence Aleksandar Vucic attended the opening of the largest defence trade show in the Middle East, IDEX, in Abu Dhabi.
Vucic, who is on a two-day visit to the United Arab Emirates (UAE), said that Serbia will produce highly sophisticated missiles for the UAE.
After the tour of the trade show together with Sheikh Mohammed bin Zayed Al Nahyan, Vucic announced the signing of a contract worth over €200 million.
Vucic said that he had agreed with the Sheikh on all agreements of the two countries, especially in relation to investments in the defence industry.
It was agreed that the UAE's company Emirates Advanced Research and Technology Holding (EARTH) and Serbia's Yugoimport SDPR will sign a contract on mutual development and supply of ALAS missile systems.
What is the most important thing is that a major contract will be signed. That would be the most sophisticated and modern weapons that we have ever made, Vucic said, noting that this contract will be worth over €200 million, and that in the first phase, he expects investments of around €24 million in a short period.
Vucic and Sheikh reached full consensus on all agreements of the two countries, especially in relation to investments in the defense industry.
It was agreed that the UAE's company Emirates Advanced Research and Technology Holding (EARTH) and Serbia's Yugoimport SDPR will sign a contract on mutual development of ALAS missile systems, the release adds.
The first investments in the production of highly sophisticated missiles are expected in several weeks, Vucic said.
The trade show is bringing together more than 60,000 military officials, 77 defense ministers from across the world, and 1,112 exhibitors from 59 countries.
The two countries are also due to sign an agreement on mutual protection of investments, and a basis for all these contracts will be an agreement on interstate cooperation which will also be signed in Abu Dhabi today.
After the tour of the trade show together with Sheikh Mohammed bin Zayed Al Nahyan, Vucic announced the signing of a contract worth over €200 million.
Vucic said that he had agreed with the Sheikh on all agreements of the two countries, especially in relation to investments in the defence industry.
It was agreed that the UAE's company Emirates Advanced Research and Technology Holding (EARTH) and Serbia's Yugoimport SDPR will sign a contract on mutual development and supply of ALAS missile systems.
What is the most important thing is that a major contract will be signed. That would be the most sophisticated and modern weapons that we have ever made, Vucic said, noting that this contract will be worth over €200 million, and that in the first phase, he expects investments of around €24 million in a short period.
Vucic and Sheikh reached full consensus on all agreements of the two countries, especially in relation to investments in the defense industry.
It was agreed that the UAE's company Emirates Advanced Research and Technology Holding (EARTH) and Serbia's Yugoimport SDPR will sign a contract on mutual development of ALAS missile systems, the release adds.
The first investments in the production of highly sophisticated missiles are expected in several weeks, Vucic said.
The trade show is bringing together more than 60,000 military officials, 77 defense ministers from across the world, and 1,112 exhibitors from 59 countries.
The two countries are also due to sign an agreement on mutual protection of investments, and a basis for all these contracts will be an agreement on interstate cooperation which will also be signed in Abu Dhabi today.
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