In recent years, there has been much speculation and debate regarding the ownership and affiliation of Edge UAE. This article aims to unravel the truth behind whether Edge UAE is a government company or not.
The Establishment of Edge UAE
Edge UAE, previously known as Emirates Defense Industries Company (EDIC), was established in 2014. It underwent a rebranding in November 2019 and was renamed Edge. The primary objective of Edge UAE is to develop, enhance, and execute advanced technology projects and defense industries within the United Arab Emirates.
Edge’s Ownership Structure
Edge UAE operates under the ownership of the Tawazun Economic Council, which is an entity owned by the government of Abu Dhabi. Tawazun holds a significant stake in Edge UAE and plays a crucial role in shaping the company’s strategic direction.
As a company owned by the government, Edge UAE operates with the full support and involvement of various governmental entities. The company works closely with the Ministry of Defense, the Armed Forces, and other government agencies to fulfill its mission of advancing defense capabilities in the UAE.
Edge UAE has formed numerous strategic partnerships with international companies and defense organizations to enhance its capabilities and expand its reach. These partnerships have allowed Edge UAE to access cutting-edge technology, knowledge transfer, and global expertise. Notable partnerships include collaborations with renowned defense companies like Lockheed Martin, MBDA, and Thales.
Autonomy and Corporate Structure
While Edge UAE is owned by the government, it operates as an autonomous business entity. The company has its own board of directors and management team, which ensures business decisions are made independently. This autonomy allows Edge UAE to adapt swiftly to market demands, innovate, and compete in the global defense industry.
In conclusion, Edge UAE is indeed a government company, owned by the Tawazun Economic Council—a government-owned entity. The company operates with the full support and involvement of various governmental agencies and plays a critical role in advancing defense capabilities in the UAE. With its strategic partnerships and autonomy, Edge UAE is well-positioned to contribute significantly to the growth and development of the defense industry in the country.