Qatar has launched Barzan Holdings, the first defence and Security Company responsible for empowering the military capabilities of the Qatar Armed Forces, during the on-going DIMDEX 2018, Doha’s daily The Peninsula reports.
The Deputy Prime Minister, Minister of State for Defence Affairs and Chairman of Barzan Holdings, H E Dr Khalid bin Mohammed Al Attiyah, stated that Barzan Holdings’ main objective is to meet Qatar’s long-term defence and security needs, and is strengthening Qatar’s future by setting a road map for Qatar’s military and security industries.
He added: “The State of Qatar is seeking to acquire the most innovative technologies, cutting-edge practices and methods, and to train human capabilities to ensure self-sufficiency in defence. To achieve this, Barzan Holdings was established as the official entity authorised to hold strategic partnerships with leading international companies in the military field, where joint projects will focus on building human and technological capital, research and development, and provide consultancy regarding conducting strategic procurement required by Qatar’s different military sectors.”
Nasser Hassan N A Al Naimi, Barzan Holdings’ Managing Director said that Barzan Holdings is considered a unique model of its kind, our partners were selected based on not only being able to meet Qatar’s defence and security needs but also on the ability to bring commercial gain to both parties and create new revenue streams for Qatar.
He added that “The joint ventures (JVs) are the primary way that Barzan Holdings is building R&D capabilities in Qatar through knowledge transfer. This will ensure having a self-sufficient country in the field of defence and security for the benefit of the state and all of it citizens”.
Mohammed Mubarak Al Khater, CEO of Barzan Holdings said: “Barzan Holdings has now been officially inaugurated after completing several key features of the project. Barzan Holdings is the result of 2 years of hard work and we have entered into several successful agreements with leading companies in the field of defence and security, demonstrating that Barzan Holdings will spare no effort to enhance defence and security capabilities in Qatar.
Al Khater added: “We are delighted that Barzan Holdings is the strategic partner of DIMDEX, one of the largest and most high-profile defence shows in the world”.