The hospital has treated more than 18,000 cases that required medical intervention
uae1 hour ago
Pakistan's largest arms and ammunition manufacturing facility, Pakistan Ordnance Factories (POF), will open a sales and marketing office in the UAE within the year to "cater not just to the defence and military requirements of the country but also of the entire Middle East".
This was revealed by POF chairman Lt. Gen Omar Mahmood Hayat to Khaleej Times on the sidelines of the International Defence Exhibition and Conference (Idex) in Abu Dhabi on Sunday.
"The UAE is a very important country for us. Unfortunately our (arms and ammunition) exports do not reflect this kind of relationship," said Hayat. "Our exports to the UAE in the last three years were just between $5-10m (Dh18.35-36.7m) per year."
"What we are planning to do is to open a sales and marketing office in the UAE not only to cater to this country but also to the entire region. The UAE has become the commercial hub of the Middle East so it makes a lot of sense for us to set establish an office within the year," Hayat underlined.
The POF chairman added that they are projecting at least a 100 per cent increase in sales only in the UAE.
Last year, POF registered its single largest export order with a $100m (Dh367m) sale to Saudi Arabia. According to a Market Watch report, the global small arms market could be worth $4.92 billion (Dh18b) by 2020 and the Middle East and Asia Pacific regions are expected to generate most of the foreseeable growth."
Hayat said POF is aggressively looking at increased sales to overseas markets with affordability and technological upgrades as their main selling points.
angel@khaleejtimes.com
The hospital has treated more than 18,000 cases that required medical intervention
uae1 hour ago
Due to the recent holidays to mark Ramadan and Eid al-Fitr, students received extended leave, including for the heat alert
world1 hour ago
UAE's Ministry of Finance has put in significant efforts with the savings awareness initiatives
personal finance1 hour ago
The appointment comes a month after parliament elected Shahbaz Sharif as prime minister
asia1 hour ago
The journalist was detained for allegedly spreading "fake news" about the armed forces
world1 hour ago
Realtor holding a special sales day in Abu Dhabi
realty1 hour ago
Clym Evernden, one of London's most influential people in the art space, details his creative process, the role of social media, and AI-generated art
arts1 hour ago
Police said no one has yet claimed responsibility for the judge's abduction
world1 hour ago