UAE defence companies and MBDA, a European missile maker, are jointly launching three new missile defence systems for the Middle East market at the International Defence Exhibition in Abu Dhabi.

The three joint initiatives together cost about €100 million (Dh418m) to develop, and comprise a ship-based missile system, a mobile ground-to-air defence system and a coastal defence battery.

The market for defence products in the region is expected to remain fairly robust, despite the pressure on budgets because of weaker oil prices, said Florent Duleux, the Middle East vice president for MBDA. […]