The Tawazun Defense and Security Development Fund invested into Al Marakeb Boats Manufacturing in return for equity and IP ownership. The investment contributed towards the development of Unmanned Surface Vehicles (USV), including a multi-mission USV.
“Aurus” is a Russian Automotive brand which specializes in luxurious and armored vehicles. The investment is directed towards the development of the company’s manufacturing facilities and capabilities. Aurus’ partnership is with the Russian automotive research center “NAMI”, the majority shareholders, and automobile conglomerate ”SOLLERS” The Fund extended a loan to Halcon Systems LLC to develop and expand its facilities and production lines. In addition, the Fund made a direct investment into the development and manufacturing of a Gravity Released Guided Weapon (GRGW). R&D project funded by Tawazun as part of our participation & sponsorship in the Sandooq Al Watan initiative in partnership with Advanced Pyrotechnics APT. The objective is to develop a non-toxic and non-incendiary pyrotechnic smoke that will meet or exceed the current performance characteristic of HC smoke for obscuration. Note: International applicants can participate in collaboration with UAE based University or research institute. VENTURE & SMEs
Investment in Aurus
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STRATEGIC TECHNOLOGY INVESTMENT
Funding for Halcon Systems LLC
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INNOVATION & INDUSTRIAL CAPABILITIES
Tawazun Challenge
Concept
Participants/ Candidates
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