UAE Investor Funds Canadian UAS Manufacturer, Partners with Portuguese Firm
What happened
A UAE-based investor, Yazan Al Homsi, invested US$500,000 in Arcanus Aerial Systems Inc., a Canadian-controlled developer of unmanned aerial systems. Arcanus also signed a binding term sheet in April with Beyond Vision, a Portuguese firm, granting it rights to manufacture, commercialize, and support Beyond Vision's unmanned aerial systems.
From prnewswire.com
Why it matters
The investment supports Arcanus Aerial Systems Inc.'s efforts to build out its domestic production base in Canada. Arcanus markets its systems for defense, public safety, and critical infrastructure monitoring.
From prnewswire.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PortugalSpeculative
The partnership with Beyond Vision could increase the demand for manufacturing and support services in Portugal.
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The entities involved
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Portugal
country in Southwestern Europe
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Dubai
most populous city in the United Arab Emirates and the capital of the Emirate of Dubai
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