UAE Defense Firm Weighs Multibillion-Dollar Turkey Investments

Abu Dhabi-owned defense company EDGE Group said it’s weighing billions of dollars of investments in Turkey after it signed preliminary deals with firms including Aselsan Elektronik Sanayi and drone-maker Baykar Teknoloji.

EDGE Chairman Faisal Al Bannai met with heads of major defense companies in Turkey to discuss possible acquisitions, joint development projects and purchase of military systems.