MOSCOW (Pakistan Point News / Sputnik - 24th August, 2018) Russia's Kalashnikov Concern has signed a memorandum with Mawarid Holding on supplies of electric cars and motorcycles to the United Arab Emirates (UAE), the company's press service told Sputnik.
On Thursday, the company told Sputnik that it was developing the technology of an electric supercar, which is expected to become a competitor of world leaders in this field, including Tesla.
"Russia's Kalashnikov Concern and Mawarid Holding, the UAE, have signed a memorandum of cooperation in the area of products for civilian use on the sidelines of the Army-2018 international defense industry forum. The agreement stipulates exports of electric transport means produced by the Kalashnikov Concern," the press service said.
