Turkish Defense contractor Otokar, signed the biggest foreign partnership deal of its kind with the United Arab Emirates (UAE) at the International Defense Exhibition and Conference (IDEX 2017) in Abu Dhabi, establishing a joint company with the country to produce and sell 700 armored vehicles worth $661 million.
IDEX 2017 was attended by 235 companies from 57 countries. Otokar and the Tawazun Operations Company, a leading investment firm in the UAE, have established a joint company called Al Jasoor. Otokar will produce and sell 8×8 tactical wheeled armored vehicles worth $ 661 million to the UAE Armed Forces. According to the company’s statement to the Public Disclosure Platform (KAP), Tawazun signed a six-year agreement worth $661 million with the UAE Armed Forces to supply armored vehicles. The contract will be overtaken by the Al Jasoor Heavy Vehicles Industries, a joint company established by Otokar and Tawazun. Otokar will have an indirect share of 49 percent in Al Jasoor.
The agreement, which was signed at the IDEX 2017 in Abu Dhabi, was announced by Koç Holding Vice Chairman and Otokar Chairman Ali Koç. Stating that they were exporting to 30 countries, Koç said: “We will not export only to Gulf countries. We will also start production abroad with the company that we will establish with our local partner. I find this development to be very strategic and important in terms of the capabilities of our country’s defense industry.” Otokar will have a 49 percent share in the company, while the UAE will have a 51 percent share.
The name is believed to have originated from Prophet Muhammad’s horse
The name of the 8×8 tactical wheeled armored vehicle, “Rabdan,” which will serve within the UAE Armed Forces, is believed to have originated from Prophet Muhammad’s horse, a pure Arabian horse known for its power, speed and race-winning capability. Having a capacity for carrying a total of 11 people including a driver and commander, Rabdan’s maximum load weight is 30 tons.
Abu Dhabi Emirate’s Principal Crown Prince and Deputy Commander in Charge of the UAE Armed Forces Sheikh Mohammed bin Zayed El Nahyan’s opening ceremony of the first prototype of the 8×8 vehicle named “Rabdan” was attended by Defense Industry Undersecretary İsmail Demir, Abu Dhabi Ambassador Can Dizdar, Koç Holding Vice Chairman Ali Koç, Koç Holding CEO Levent Çakıroğlu, Otokar General Manager Serdar Görgüç and Tawazun CEO H.E. Saif Mohammed Al Hajeri.