Home Press Signature of two Memorandums of Understanding (MOU) between Nexter and Barzan A new step for the acquisition of VBCI

Signature of two Memorandums of Understanding (MOU) between Nexter and Barzan
A new step for the acquisition of VBCI

Doha, March 13, 2018 – During the DIMDEX exhibition, one of the major defense meetings taking place in the Gulf, Nasser Al Naimi, Managing Director of Barzan Holdings and Stéphane Mayer, CEO of Nexter and co-CEO of KNDS are delighted to announce the signature of two MOUs between their two companies.

Following the signature of a letter of intent on the 7th of December 2017 between Nexter and the Qatari Ministry of Defense (through Barzan Holdings, a company 100% owned by the Ministry of Defense of Qatar) for a partnership around the procurement of VBCI for the Qatari forces (Al Rayyan program), a Joint Venture has been established in Qatar and will be the local industrial base to deliver and maintain complete vehicles for the Al Rayyan program.

The first MOU represents a major step in the strategic partnership between Qatar and France: it will allow cooperation between Nexter, the French leader in land defense, and Barzan, a Qatari strategic industrial player. Together they will work to finalize the Qatari VBCI program. Other common projects are under consideration to propose complementary solutions to the Qatari forces.

The second MOU between Barzan Holdings, Nexter and all other industrial partners for the Al Rayan program formalizes the industrial cooperation and the launches the contractual process.
Stéphane Mayer underlines that Nexter is fully committed to provide operational equipment to Qatar. Two VBCI are currently displayed on the Barzan booth, one equipped with a 30mm canon and another one a Nexter 40CT turret on the Nexter booth on Barzan pavilion.

Nasser Al Naimi, Managing Director of Barzan Holdings said: “Barzan Holdings is delighted to partner with Nexter, a leading French defence company on this strategic program. The VBCI program will empower the military capabilities of the Qatar Armed Forces and represents a major step forward in Qatar’s defence industry. “
(Re)discover Nexter on the Barzan H7-328 booth and KNDS H3-103 booth.

About Nexter
Nexter, the leading French land defense company and third European player in the ammunition sector is part of the KNDS Group. It is dedicated to meet the needs of the french land forces and of Nations on an international scale. The scope of its business includes the supply of weapon systems and ammunition for air and naval forces. Nexter also provides systems and protection solutions in the field of homeland security. The group continues to apply its international development policy with 60% of the order intake in 2016 and 2017 intended for the export market. In France, Nexter is fully committed to meet the objectives of the SCORPION program, through the renovation of the Leclerc tank and the development of the future VBMR and EBRC vehicles within the GME (temporary business venture between Nexter, Thales and Renault Trucks Defense) as well as the VBMR Light. Nexter's 2016 turnover amounted to €866 million, of which 19% is allocated to Research and Development activities. The group's range of products includes ARAVIS®, TITUS® and VBCI armored vehicles, CAESAR®, TRAJAN® and 105LG1 artillery systems, smart ammunition (BONUS), many equipment, as well as customer service, support and revaluation.

For more information: www.nexter-group.fr


About Barzan Holdings
Barzan Holdings was established in 2016 as a limited liability company located at the Qatar Science and Technology Park (QSTP) and is 100% owned by Qatar’s Ministry of Defence.
Leading the concept behind Barzan Holdings, its establishment and future direction is H.E. Dr. Khalid Bin Mohammed Al Attiyah, the First Deputy Prime Minister and Minister of State for Defence Affairs. Barzan Holdings is led day-to-day by its Managing Director Mr. Nasser Hassan Al Haji Al Naimi and Chief Executive Officer Mr. Mohammed Mubarak A. E. Al Khater.
Barzan Holdings is responsible for empowering the military capabilities of the Qatari Armed Forces. This will be achieved by partnering with leading international companies and organizations in the defence field.
Acting as a commercial gateway for the defence industry in Qatar, Barzan Holdings is open for business and provides opportunities for international companies to collaborate on R&D, facilitate knowledge transfer and create innovative defence and security technologies.

Press Contact
Barzan Holdings
Laetitia Blandin
Hussain Al Qahtani
Tel. +33 1 30 97 36 41
Tel : +974 55005677
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