CONTENT PREVIEW
Industry

Aselsan launches Qatari joint venture

05 October 2018

Turkey's Aselsan announced on 4 October that it had formally incorporated a joint venture (JV) with Qatar's Barzan Holdings the previous day.

The JV, known as BARQ QSTP LLC, was incorporated with a start-up capital of QAR1 million (USD271,497). The company is 51% owned by Barzan Holdings, with Aselsan owning 48% and Turkey's SSTEK owning 1%.

The JV is to focus on command-and-control (C2) systems, thermal- and night-vision cameras, cryptographic systems, and remote-controlled weapon stations (RCWS). Its launch builds on a Memorandum of Understanding (MoU) signed between Barzan Holdings and Aselsan earlier this year.

Barzan Holdings was launched in March as a subsidiary of the Qatari Ministry of Defence (MoD).

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