DUBAI, United Arab Emirates — One of the top foreign buyers of American-made weapons — the UAE — is investing in a massive effort to build out its own military capabilities.
“We definitely enjoy amazing relationships with many countries in the world, and we have many strong allies that support us in our defense,” Faisal al Bannai, CEO of a newly introduced national defense group called Edge, told CNBC’s Hadley Gamble at the Dubai Airshow on Sunday.
“But like any nation, at the end of the day, when it comes to its own security, every nation wants to ensure it has sovereignty on very specific security capabilities,” he said. “And one area is we are building these capabilities to ensure that (for) critical technologies, UAE has the sovereign capability.”
Al Bannai did not indicate how much the UAE is investing in its domestic defense push.
Introduced this month, Edge combines 22 private firms with the government-owned Emirates Defence Industries Company, the Emirates Advanced…