+
Khalifa Fund for Enterprise Development Sponsors 6 Ventures in IDEX
ECONOMY & POLICY

Khalifa Fund for Enterprise Development Sponsors 6 Ventures in IDEX

The Khalifa Fund for Enterprise Development (KFED) announced its sponsorship to six innovative ventures participating in the International Defence Exhibition and Conference (IDEX), held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the United Arab of Emirates and Supreme Commander of the Armed Forces, at the Abu Dhabi National Exhibition Centre (ADNEC) from 17th to 21st of February 2025.

The participating ventures supported by KFED at IDEX are: ‘AUAV for Drone Services,’ which offers specialised training courses for secure drone operation. It also plans to launch an advanced drone model by leveraging artificial intelligence (AI) technology, ‘UNILUX Heavy Equipment Spare Parts,’ which has decades of expertise in the production and trade of spare parts for heavy equipment and military vehicles, alongside manufacturing spare parts for heavy equipment and military vehicles, alongside manufacturing spare parts for lightweight machinery for cutting metal with laser and water; as the company has received support and guidance from the Fund to expand its growth.

The participating ventures also include: ‘Droo for Defence Equipment,’ which focuses on developing all kinds of military defence equipment and bullets, ‘Al Ajwa for Military Equipment,’ specialising in producing military uniforms, badges, military tents, field accommodation supplies, lighting apparatus, head protection, googles and gloves, ‘UAE Defence Technology,’ specialising in trading precision electronic devices and spare parts for arms, bullets, equipment, and heavy vehicles; and ‘Black Wolf for Military Equipment Trade,’ specialising in trading military uniform, supplies, equipment and delivering simulating military drills.

Mouza Al Nasri, the Acting CEO of Khalifa Fund for Enterprise Development, said “Our support for these participating companies underscores our unwavering commitment to advancing strategic ventures that enhance economic and industrial diversification, particularly in defence technology. By facilitating their participation in IDEX, these six ventures are provided with a unique platform to engage with global leaders, key decision-makers, and manufacturers of original equipment in the defence and military technology sector. This initiative aligns with our vision to elevate the UAE’s standing as a global hub for defence industries.”

Khalifa Fund’s participation in IDEX reflects its continued dedication to providing vital support, guidance, and consultation to start-ups in the defence sector, fostering their growth and presence at prominent international and local exhibitions. Through this support, the Fund aims to inspire entrepreneurs to turn their innovative projects into successful ventures, contributing to the UAE’s thriving defence and technology ecosystem.

The Khalifa Fund for Enterprise Development (KFED) announced its sponsorship to six innovative ventures participating in the International Defence Exhibition and Conference (IDEX), held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the United Arab of Emirates and Supreme Commander of the Armed Forces, at the Abu Dhabi National Exhibition Centre (ADNEC) from 17th to 21st of February 2025. The participating ventures supported by KFED at IDEX are: ‘AUAV for Drone Services,’ which offers specialised training courses for secure drone operation. It also plans to launch an advanced drone model by leveraging artificial intelligence (AI) technology, ‘UNILUX Heavy Equipment Spare Parts,’ which has decades of expertise in the production and trade of spare parts for heavy equipment and military vehicles, alongside manufacturing spare parts for heavy equipment and military vehicles, alongside manufacturing spare parts for lightweight machinery for cutting metal with laser and water; as the company has received support and guidance from the Fund to expand its growth. The participating ventures also include: ‘Droo for Defence Equipment,’ which focuses on developing all kinds of military defence equipment and bullets, ‘Al Ajwa for Military Equipment,’ specialising in producing military uniforms, badges, military tents, field accommodation supplies, lighting apparatus, head protection, googles and gloves, ‘UAE Defence Technology,’ specialising in trading precision electronic devices and spare parts for arms, bullets, equipment, and heavy vehicles; and ‘Black Wolf for Military Equipment Trade,’ specialising in trading military uniform, supplies, equipment and delivering simulating military drills. Mouza Al Nasri, the Acting CEO of Khalifa Fund for Enterprise Development, said “Our support for these participating companies underscores our unwavering commitment to advancing strategic ventures that enhance economic and industrial diversification, particularly in defence technology. By facilitating their participation in IDEX, these six ventures are provided with a unique platform to engage with global leaders, key decision-makers, and manufacturers of original equipment in the defence and military technology sector. This initiative aligns with our vision to elevate the UAE’s standing as a global hub for defence industries.” Khalifa Fund’s participation in IDEX reflects its continued dedication to providing vital support, guidance, and consultation to start-ups in the defence sector, fostering their growth and presence at prominent international and local exhibitions. Through this support, the Fund aims to inspire entrepreneurs to turn their innovative projects into successful ventures, contributing to the UAE’s thriving defence and technology ecosystem.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?