Beretta Holding has decided to sign an important agreement with Barzan Holdings, the leading company in Qatar as regards the defense and security sector. We are talking about the company that is responsible for equipping the local armed forces and the group from Gardone Val Trompia saw the possibility of a promising industrial project in the Asian country.
It will be Beretta, in fact, to supply the Qatari army with the defense weapons equipped with state-of-the-art technology. In a nutshell, a minority stake has been envisaged for the Lombard company in the joint venture that will be called Binding, in order to ensure this profitable transfer of technology. The project includes other interesting elements. In particular, a production site brand new in the capital Doha, so as to ensure the manufacture of small arms such as pistols and rifles, without forgetting the possible development of new arms systems.
In recent times, Qatar has chosen to inaugurate the Dimdex, the international trade fair dedicated to Defense, a highly attractive global showcase in which the Italian government also took part in anticipation of the agreement signed by Beretta Holding. Much of the latter's turnover (94% to be exact) is made just abroad.