UAE's Tawazun takes 50% stake in Russia's VR Technologies - Reuters:
Tawazun, the United Arab Emirates’ defense and security industry enabler, is taking a 50% stake in VR Technologies, a unit of Russian Helicopters, the two companies said on Monday.
The announcement was made at the biennial Dubai Air Show as the UAE continues to invest in advanced defense industries as part of its diversification strategy.
Tawazun is taking a stake in VR Technologies through the Tawazun Defense Security & Development Fund.
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