The UAE is considering launching a new defense-focused investment fund that could target Ukrainian drone manufacturers, as Kyiv moves to open its wartime defense industry to global markets.
According to Bloomberg, senior Emirati officials – including Crown Prince Sheikh Khaled bin Mohamed Al Nahyan – are discussing a vehicle that would invest in defense companies worldwide.
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Potential targets include firms in Europe, the United States, Turkey, and Ukraine, particularly in the fast-growing drone sector.
The discussions come as Ukraine signals it is ready to begin exporting domestically produced weapons for the first time since the start of Russia’s full-scale invasion.
On April 28, President Volodymyr Zelensky said Kyiv had finalized all state-level decisions required to launch arms exports.
“The export of Ukrainian weapons will become a reality,” Zelensky said following a government meeting, according to Ukrinform.
Zelensky said Ukraine has developed a new framework for cooperation with partner countries, known as “Drone Deals,” which will cover the production and supply of drones, missiles, ammunition, and other weapons, as well as military equipment, software, and integration with partner defense systems.
He said the system would operate on a government-to-government basis, with Ukraine’s Armed Forces retaining priority access to weapons.
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