UAE to buy 500 Russia helicopters for its police

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Russia and the UAE have completed a deal that will see the Emirates’ Tawazun company buy a 50 per cent stake in Russian helicopter manufacturer VR-Technologies, RT reported yesterday.

VR-Technologies is a subsidiary of Russian Helicopters and was set up in 2014 to develop helicopters and unmanned aerial vehicles (drones).

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According to RT, Russian Minister of Industry and Trade Denis Manturov told the journalists that the deal was worth €400 million ($442 million).

“The government committee for foreign investments has recently held a meeting on the issue,” Manturov said, adding: “Our colleagues plan to complete the deal before May.”

The agreement, which was signed by the Director-General of Russian Helicopters, Andrey Boginsky, and the Director-General of Tawazun, Tareq Abdul Raheem Al Hosani, gives the UAE company equal representation on the board of VR-Technologies.

It was also revealed that the UAE is planning to obtain 100 VRT 300 and VRT 500 helicopters for its police force.

READ: The UAE’s notorious limits on free speech have serious implications for expats

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