Barzan Holdings, the first
defence and security company responsible for enhancing the military
capabilities of the Qatari Armed Forces, made its official public launch
on the first day of the Doha International Maritime Defence Exhibition
and Conference (Dimdex 2018) yesterday.
The launch took place during the Dimdex opening ceremony at Qatar National Convention Centre and included a detailed presentation of the company – which was revealed to the public for the first time.
Barzan Holdings managing director Nasser Hassan N A al-Naimi announced the launch of Barzan Holdings in the presence of His Highness the Deputy Emir Sheikh Abdullah bin Hamad al-Thani, senior government and military officials, VIPs, businessmen, and international and regional companies participating in Dimdex. A video was also presented to the audience about Barzan Holdings to shed light on its vision, mission, values and objectives.
HE the Deputy Prime Minister and Minister of State for Defence Affairs Dr Khalid bin Mohamed al-Attiyah, who is the chairman of Barzan Holdings, said the company’s main objective is to meet Qatar’s long-term defence and security needs, and is strengthening the country’s future by creating a road map for its military and security industries.
“Qatar is seeking to acquire the most innovative technologies and cutting-edge practices and methods, as well as to train human capabilities to ensure self-sufficiency in defence,” he said. “To achieve this, Barzan Holdings was established as the official entity authorised to hold strategic partnerships with leading international companies in the military field, where joint projects will focus on building human and technological capital, research and development, and provide consultancy regarding the strategic procurement required by Qatar’s different military sectors.”
Al-Naimi said Barzan Holdings is a “unique model of its kind, and the partners were selected based on not only being able to meet Qatar’s defence and security needs but also on the ability to bring commercial gain to both parties and create new revenue streams for Qatar”.
“Joint ventures (JVs) are the primary way that Barzan Holdings is building R&D capabilities in Qatar through knowledge transfer. This will ensure that the country is self-sufficient in the field of defence and security for the benefit of the State and all its citizens,” he added.
Mohamed Mubarak al-Khater, CEO of Barzan Holdings, noted: “Barzan Holdings has been officially inaugurated after completing several key features of the project. It is the result of two years of hard work and we have entered into several successful agreements with leading companies in the field of defence and security, demonstrating that Barzan Holdings will spare no effort to enhance defence and security capabilities in Qatar.
“We are delighted that Barzan Holdings is the strategic partner of Dimdex, one of the largest and most high-profile defence shows in the world.”
Following the close of the official Dimdex 2018 opening ceremony, His Highness the Deputy Emir and HE Dr al-Attiyah toured the Barzan Holdings stand in the exhibition hall.
In a statement, Barzan Holdings said it is the largest exhibitor at Dimdex 2018 with an 8,000sqm pavilion featuring 21 Barzan Holdings JVs.
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