EDGE Signs Agreements with Hungary's 4iG SDT to Localise Defence Solutions for European and African Markets
The collaboration supports EDGE's expansion into NATO member states, while enabling both companies to build on their respective networks – EDGE across African markets, and 4iG SDT throughout Central and Eastern Europe.
Abu Dhabi, UAE:July 2025 – EDGE, one of the world's leading advanced technology and defence groups, and 4iG Space and Defence Technologies (SDT), one of the leading telecommunications, IT, and space and defence industrial groups in Hungary and the Western Balkans, have signed three Memorandums of Understanding (MoUs) to establish significant and expansive industrial cooperation between the United Arab Emirates (UAE) and Hungary.
During an official UAE state visit to Hungary, EDGE and 4iG SDT signed three MoUs aimed at enabling a broad technology partnership to jointly develop, localise, and market advanced defence systems, including EDGE's SKYKNIGHT air defence missile system, SHADOW 25 and SHADOW 50 loitering munitions, and VEGA and ORION unmanned air traffic control solutions.
Hamad Al Marar, Managing Director and CEO, EDGE, said: 'Our goal with partners such as 4iG SDT is to aid nations in developing and achieving advanced sovereign defence technology and industrial capabilities. The global security landscape has necessitated modernisation programmes to capitalise on the latest autonomous technology and address rapidly evolving aerial threats. This collaboration strengthens EDGE's ability to deliver competitive, NATO-compatible, and export-ready solutions, not only in support of Hungary's national objectives, but also as a gateway to deeper engagement across Europe and NATO member states.'
István Sárhegyi, CEO of 4iG SDT, said: 'The agreements signed today mark a milestone in 4iG SDT international defence industry efforts. Through this partnership with one of the world's fastest-growing defence technology companies, we can develop systems with strong potential for success in both European and African markets on a mutual basis. EDGE's trust and openness provide an opportunity for Hungary to become a strategic player in the global defence innovation ecosystem.'
Under the first agreement, the two companies will establish a broad technological partnership to co-develop and explore market opportunities of next-generation unmanned aerial systems (UASs), counter-UAS (C-UAS) solutions, and space technologies in Central and Eastern Europe, and Africa. The agreement also covers the potential establishment of a joint venture.
The second agreement is focused on the potential development and production of EDGE's rapidly deployable SKYKNIGHT inner-layer air defence missile system and SHADOW line of precision-strike loitering munitions in Hungary.
The final agreement is aimed at offering EDGE's VEGA uncrewed traffic management and ORION drone fleet management systems to the European market, with the potential to jointly develop air traffic control solutions. The MoU also includes the assessment of a joint venture to serve as a European development and sales hub for VEGA and ORION.
Following an MoU between EDGE and 4iG SDT signed earlier this year to co-develop UAS and space technologies, the three subsequent agreements underscore EDGE's renewed commitment to strengthening ties with key European defence ecosystems and to delivering jointly developed, export-ready solutions that meet the technological and security requirements of NATO countries.
About EDGE:
Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive.
With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al-Ahram Weekly
10 hours ago
- Al-Ahram Weekly
Egyptian companies executed $5 Billion worth of Reconstruction Projects in Libya: Federation of Egyptian Chambers of Commerce - Economy
Ahmed El-Wakeel, Chairman of the Federation of Egyptian Chambers of Commerce, announced that Egyptian companies have implemented reconstruction projects in Libya valued at over $5 billion. Speaking at the Egypt-Libya Business Forum on Saturday, El-Wakeel noted that Egyptian exports to Libya have surged, surpassing $2 billion. This places Egypt as Libya's top African trade partner and the third-largest Arab exporter after Saudi Arabia and the United Arab Emirates. However, El-Wakeel criticized the decline in Libyan investments in Egypt, which have dropped by 25%, now limited to only 511 companies. These firms have a registered capital of $4 billion, but actual investments amount to just $2.4 billion. In contrast, Egyptian investments in Libya have exceeded $2.5 billion, surpassing Libyan investments in Egypt for the first time. Earlier this month, Libya's Fund for Development and Reconstruction signed two major contracts with Egyptian companies for critical development projects across several Libyan cities as part of reconstruction efforts in cities like Derna and Al-Bayda, which were devastated by Cyclone Daniel in September 2023. Follow us on: Facebook Instagram Whatsapp Short link:


Daily News Egypt
10 hours ago
- Daily News Egypt
ETA to support developing countries in transfer pricing, international taxation: Abdel Aal
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the Authority's official participation as a partner tax administration in the 'Tax Inspectors Without Borders' (TIWB) initiative, after previously being among the first African tax authorities to benefit from its support since 2016. Abdel Aal stated that, with the full backing and ongoing guidance of Finance Minister Ahmed Kouchouk for institutional development and international cooperation efforts, the Authority continues to consolidate its position as one of the region's leading tax administrations. She described this transition from beneficiary to technical partner as an unprecedented milestone in the Authority's history. She stressed that this new role reflects the Authority's significant progress in the field of international taxation. She noted that the initiative is a joint project between the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP), funded by the European Union. Abdel Aal explained that Egypt will now offer technical assistance to developing countries aiming to enhance their expertise in transfer pricing and international taxation. This support will draw on the Authority's accumulated experience and the outcomes of previous cooperation under the initiative. She added that, in recent years, the Authority has implemented four capacity-building programmes for tax inspectors through the initiative, supported by experts from the OECD, UNDP and several independent consultants. The current programme, she noted, is conducted in collaboration with His Majesty's Revenue and Customs (HMRC) in the United Kingdom and focuses on complex transfer pricing issues in sectors such as extractive industries, financial services, and telecommunications. Abdel Aal emphasised that the initiative's support has played a key role in developing sustainable capabilities within the Authority. This includes training 37 inspectors in transfer pricing and international taxation, establishing a dedicated unit for transfer pricing and international tax, and achieving a notable rise in tax revenues through improved examination of multinational companies' pricing practices based on international standards. She also highlighted several reforms to tax policy and regulatory procedures introduced following recommendations by initiative experts. She affirmed that joining the initiative as a partner is international recognition of the Egyptian Tax Authority's commitment to capacity building and global cooperation. 'We are proud of this historic achievement,' she said, 'and we look forward to sharing our expertise with tax administrations in developing countries within the framework of international cooperation led by the initiative. This reinforces Egypt's leading role in shaping tax policy and audit practices globally.' For its part, the OECD confirmed that the ETA's participation as a partner demonstrates its commitment to knowledge sharing and building a more collaborative international tax environment.


Al-Ahram Weekly
a day ago
- Al-Ahram Weekly
Taming cement prices - Economy - Al-Ahram Weekly
Egypt's cement factories are to operate at full capacity to cover local demand and limit price increases On the back of a major increase in cement prices, coupled with a shortage of supply, Kamel Al-Wazir, the deputy prime minister and minister of trade and industry, has instructed Egypt's cement factories to work at full capacity. Cement prices have been following an upward trend, recording around an 85 per cent year-on-year increase to surpass LE4,000 per ton. Al-Wazir gave cement companies nationwide a one-month grace period to restart idle production lines and address challenges hindering production, considering it a top priority to meet domestic market demand. Surplus production may be exported once local needs are fulfilled, he said. He added that sales prices at the factory and to the final consumer must be recorded on cement bags. In July 2021, the Egyptian Competition Authority (ECA) approved a request submitted by 23 cement companies to work at a percentage of their total capacity due to the oversupply in the local market, leading to a decline in the value of local sales. The decision was extended twice and has continued to be renewed annually since then. However, following the recent surge in cement prices, the ECA suspended the decision to reduce production for the two months of May and June. Reactivating idle capacity is meant to ensure that the production of cement, a strategic commodity, continues without disruption and to stabilise the market. It will make cement available in adequate quantities and at suitable prices, restore supply and production chains, and protect consumer rights, the Industry Ministry stated. Ahmed Al-Zeini, head of the Building Materials Division at the Chamber of Commerce, said that the recent price rises were due to a reduction in production capacity, making it difficult to meet market demand. When production was first curtailed, the price of cement stood at LE800 per ton, he said, expecting prices to decline once full capacity is restored. Ahmed Sherine Karim, head of the Cement Division at the Federation of Egyptian Industries, attributed the price increase to a sudden spike in demand, coupled with low production due to maintenance work at several factories and the stoppage of nine production lines, which had caused a supply shortage. Medhat Stephanous, former head of the Cement Division at the Federation of Egyptian Industries, said that a cause of the price hikes had been the surge in demand for cement abroad. Egypt's monthly cement production amounts to approximately five million tons, of which four million are allocated to the domestic market. One million tons are exported monthly to different markets. According to the Building Materials Export Council, Egypt exports cement to 95 countries, with African countries topping the list. Exports have increased over the past three years, rising from $465 million in 2021 to $670 million in 2022, marking a 44 per cent increase. Exports reached over $770 million in 2023, a growth rate of 14 per cent, and climbed to $913 million in 2024. Cement companies had halted exports for several years due to high local production costs, which made Egyptian cement less competitive. The energy crisis in Europe caused by the Russia-Ukraine war had prompted countries such as Turkey and Spain to halt cement exports. Stephanous said that the recent price hikes were due to increased costs as a result of the appreciation of the dollar against the pound, leading to higher fuel costs and a rise in shipping expenses due to regional geopolitical tensions. The Ministry of Industry, in coordination with the relevant authorities, said it will carry out a nationwide inspection campaign of all Egypt's cement factories to ensure compliance with the directive to operate all licensed production lines. Stephanous noted that returning to full production capacity will take time, with the production lines requiring maintenance. Al-Zeini said that resuming full production would help to restore market stability by September. * A version of this article appears in print in the 17 July, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link: