The United Arab Emirates’ advanced technology and defence group, EDGE, has signed a memorandum of understanding (MoU) with the region of Basilicata to explore opportunities for industrial collaboration, knowledge exchange, and talent development. 

The MoU was signed in Atella, Italy, during an official EDGE delegation visit to Costruzioni Motori Diesel (CMD), the Italian propulsion specialist in which EDGE has agreed to acquire a controlling stake. 

The MoU was formalised by Hamad Al Marar, Managing Director and CEO of EDGE, and Vito Bardi, President of Basilicata, with the signing ceremony also attended by Abdulla Ali Al Subousi, UAE Ambassador to Italy; Giuseppe Telesca, Mayor of Atella; and Francesco Somma, President of Confindustria Basilicata.

The visit reinforces EDGE's open ecosystem approach to international growth, which extends beyond individual companies to engage with the wider industrial, governmental, and academic landscape of the regions in which it operates. 

The MoU supports this engagement in practice, with both parties working to identify future opportunities that strengthen industrial capabilities, accelerate innovation, and contribute to sustainable regional growth, reflecting a broader recognition that capability is built through strong ecosystems and lasting partnerships. - TradeArabia News Service