SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow
Turkey

Turkey's Aselsan, Jordan's KADDB Investment Group open Amman factory - media

Dec 16, 2014, 6:05:17 PMArticle by Yurkie Ali
share
ISTANBUL (Turkey), December 16 (SeeNews) – Aselsan Middle East (AME), a 51/49 joint venture between Turkish defence company Aselsan [BIST:ASELS] and Jordan's KADDB Investment Group, officially opened a factory for border security equipment production in Amman, media reported on Tuesday.

Turkey's Aselsan, Jordan's KADDB Investment Group open Amman factory - media

The factory will produce border security equipment for the Jordanian army and countries in the region, local news agency Anadolu Ajansi said.

The factory is part of Aselsan’s strategy of establishing its position in global markets and of generating half of its defence revenue from foreign operations, daily Hurriyet said, citing the company’s board chairman Hasan Canpolat.

AME produces night vision and thermal camera systems, and operates test and calibration laboratories. It has capacity to produce 6,000 night vision devices annually. Recently, AME signed a deal to produce its SAGER thermal sighting system for the Jordanian army.

AME manufactures night vision and thermal imaging equipment at the factory, located in the KADDB Industrial park. The factory has produced equipment worth a total of $23 million (18 million euro) for Jordan’s army in the past two years, Aselsan said in a statement in August, announcing that AME has signed a $2.15 million deal to supply thermal imaging systems to the armed forces of the country.

KADDB Investment Group is the commercial and investment arm of the King Abdullah II Design and Development Bureau (KADDB).

($ = 0.798 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.