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John Woods John Woods · 03/12/2022
· News To Go

Dubai drones to be developed by a Hungarian company

development Hungarian economy success technology United Arab Emirates
drone

Photo: Pixabay

Genevation Aircraft Ltd announced in a statement that they would partake in the drone development program initiated by the Ministry of Industry and Advanced Technology of the United Arab Emirates.

Sheikh Rashid Bin Ahmed Al Maktoum, a member of the Dubai royal family and chairman of RAM Investment, signed a declaration of cooperation with the Hungarian company operating in Jakabszállás, Bács-Kiskun County, to develop drones together. The project will start next year, portfolio.hu wrote.

The cooperation’s framework is the UAE’s “Operation 300bn” program, a 10-year-long strategic initiative aiming to develop the country’s industry into a key sector. They would like that segment of the local economy to generate EUR 78 billion for the state’s GDP.

The Hungarian company is a NATO supplier. They develop and build aircraft, improve composite structures and create aerial vehicles (drones). The company has been working recently on a high-speed military drone. Furthermore, it played a key role in creating a hydrogen-powered VTOL, an aerial vehicle capable of vertical take-off and landing.

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Read alsoBurj Khalifa commemorated Hungary’s Revolution Day – VIDEO

Source: portfolio.hu

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John Woods
John Woods

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