Caracal signs MoU with South Korean Dong In Optical at DX Korea 2016Source: www.export-egypt.com 9/8/2016, Location: Middle East |
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Caracal International, an Abu Dhabi-based arms manufacturing company, has signed a Memorandum of Understanding, MoU, with Dong In Optical (DI Optical) of South Korea to establish close technical cooperation between two manufacturers.
Hamad Salem Al Ameri, CEO of Caracal, and Jung In, CEO of DI Optical, signed the agreement during their participation at the DX Korea 2016 exhibition, which is being held in Seoul, South Korea. This agreement is expected to bring mutual benefit and progress for both organisations, while sharing knowledge and experiences, according to the Caracal. "This MoU showcases our joint interest to create the opportunity to collaborate between two highly-experienced teams and provide quality integrated weapons and optics," Hamad Al Ameri, CEO of Caracal International said, adding, "It’s a substantial step for Caracal to establish a relationship with innovative original equipment manufacturers (OEMs) to achieve Caracal’s long-term strategic goals for the industry." "As a Korean Leading Dot Sight Manufacturer, we are pleased to sign the MoU with Caracal International. It will also be significant for both Korean and Abu Dhabi government that have been seeking intergovernmental industrial cooperation," said Jung In, CEO of DI Optical, who was looking forward to achieving mutually beneficial business success sooner, as a result of the collaborative relationship. Caracal International, who is producing a full range of pistols, tactical sniper rifles, hunting rifles, and tactical rifles, is participating along more than 220 arms manufacturers from all over the world, as well as top military brass from 35 countries, in DX Korea 2016, which is hosted by the Association of the Republic of Korea Army. |
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