00:00Officials in Abu Dhabi have held preliminary talks on creating a new defence-focused investment vehicle, according to a Bloomberg
00:08report.
00:08This is as part of the United Arab Emirates' efforts to further bolster its capabilities in the wake of regional
00:15conflicts.
00:17The move aims to centralise efforts to build stakes in global defence manufacturers and expand domestic production.
00:24The report also outlined that the talks have involved top officials and executives in Abu Dhabi, including Crown Prince Sheikh
00:31Khaled bin Mohamed Al-Nayan and Mubadala Investment CEO Khaldun Al-Mubarak.
00:36The new vehicle is likely to be mandated with taking stakes in defence companies worldwide to diversify supplies for the
00:43UAE.
00:44Investments could span Ukrainian and Turkish drone manufacturers, established firms in Europe and the US and venture-style bets on
00:52niche technologies.
00:54Music as well.
Comments