Barzan Holdings officially launched

Barzan Holdings, the firstdefence and security company responsible for enhancing the militarycapabilities of the Qatari Armed Forces, made its official public launchon the first day of the Doha International Maritime Defence Exhibitionand Conference (Dimdex 2018) yesterday.The launch took place duringthe Dimdex opening ceremony at Qatar National Convention Centre andincluded a detailed presentation of the company – which was revealed tothe public for the first time. Barzan Holdings managing directorNasser Hassan N A al-Naimi announced the launch of Barzan Holdings inthe presence of His Highness the Deputy Emir Sheikh Abdullah bin Hamadal-Thani, senior government and military officials, VIPs, businessmen,and international and regional companies participating in Dimdex. Avideo was also presented to the audience about Barzan Holdings to shedlight on its vision, mission, values and objectives. HE the DeputyPrime Minister and Minister of State for Defence Affairs Dr Khalid binMohamed al-Attiyah, who is the chairman of Barzan Holdings, said thecompany’s main objective is to meet Qatar’s long-term defence andsecurity needs, and is strengthening the country’s future by creating aroad map for its military and security industries.“Qatar is seekingto acquire the most innovative technologies and cutting-edge practicesand methods, as well as to train human capabilities to ensureself-sufficiency in defence,” he said. “To achieve this, Barzan Holdingswas established as the official entity authorised to hold strategicpartnerships with leading international companies in the military field,where joint projects will focus on building human and technologicalcapital, research and development, and provide consultancy regarding thestrategic procurement required by Qatar’s different military sectors.”Al-Naimisaid Barzan Holdings is a “unique model of its kind, and the partnerswere selected based on not only being able to meet Qatar’s defence andsecurity needs but also on the ability to bring commercial gain to bothparties and create new revenue streams for Qatar”.“Joint ventures(JVs) are the primary way that Barzan Holdings is building R&Dcapabilities in Qatar through knowledge transfer. This will ensure thatthe country is self-sufficient in the field of defence and security forthe benefit of the State and all its citizens,” he added. MohamedMubarak al-Khater, CEO of Barzan Holdings, noted: “Barzan Holdings hasbeen officially inaugurated after completing several key features of theproject. It is the result of two years of hard work and we have enteredinto several successful agreements with leading companies in the fieldof defence and security, demonstrating that Barzan Holdings will spareno effort to enhance defence and security capabilities in Qatar.“Weare delighted that Barzan Holdings is the strategic partner of Dimdex,one of the largest and most high-profile defence shows in the world.”Followingthe close of the official Dimdex 2018 opening ceremony, His Highnessthe Deputy Emir and HE Dr al-Attiyah toured the Barzan Holdings stand inthe exhibition hall. In a statement, Barzan Holdings said it is thelargest exhibitor at Dimdex 2018 with an 8,000sqm pavilion featuring 21Barzan Holdings JVs.