Qatar’s Barzan Holdings has signed its first public joint venture agreement, with Italian firearms manufacturer Beretta announcing on 12 March that it will be opening a new manufacturing facility in the Gulf state with the company.
According to a press release by Beretta, the agreement will see the two companies form a joint venture in Qatar known as BINDIG, which will involve the construction of a pistol and shotgun production site in Doha. The site will produce weapons for the Qatari government, and also potentially develop new firearms in the future.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihs.com/contact