The Hebrew newspaper Maariv reported on Sunday that the Israeli government has approved the establishment of a branch of Controp Precision Technologies Ltd in the United Arab Emirates. The move has been described as an “unprecedented security and economic step” since the signing of the normalisation agreements in 2020.

Controp Precision Technologies Ltd specialises in designing and manufacturing EO/IR systems used for intelligence, surveillance, reconnaissance, and targeting missions across air, land, and maritime domains. The company provides its solutions to the defence, homeland security, and other related sectors.

According to the newspaper, the new company, named Controp Emirates Ltd, will operate within Abu Dhabi’s free trade zone (ADGM). It will be fully owned by the Israeli parent company and will operate under strict security supervision from Israel’s Ministry of Defence.

The purpose of the new branch is to enable the company to manufacture and market its advanced electro-optical systems locally in the UAE, as well as to provide maintenance and technical support services.

The total investment in the first phase is estimated at around 30 million US dollars, funded through Controp shares and owner loans. The branch will be managed by an Israeli chief executive, while full control will remain with the parent company.