# Paramount Group expands business into Israel

- Link: https://www.military.africa/2021/03/paramount-group-expands-business-into-israel/
- Published: 2021-03-05T10:26:10+01:00
- Author: Sarah Lesedi

In expanding its global footprint, South Africa’s Paramount Group has established
a presence in Tel Aviv, Israel.

“We are very pleased to strengthen our presence across the Middle East. This comes
at a historic moment as the geopolitical landscape is shifting. The region has begun
to speak with one voice. Countries share similar challenges to security and have
a common interest in stability. We see similarly, unique opportunities to address
those challenges while bolstering those nations’ indigenous aerospace and defence
industries alongside our partners, serving as a proponent of their economic growth.”
Clifford Dewell, Senior Vice President of Paramount Group, stated during the International
Defence Exhibition in Abu Dhabi last week.

Paramount’s customers in the Middle East and the wider European Markets can now 
benefit from the direct point of contact through the new Israeli branch office, 
based in Tel Aviv’s Central Business District.

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According to Paramount Group, for over 20 years, the defense company has established
itself as an important player in the Middle East. The defense company maintains 
a strategic presence in both Abu Dhabi, and Dubai in the United Arab Emirates.

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This January, Paramount Group [took a “strategic ownership stake” ](https://www.military.africa/2021/03/paramount-group-expands-business-into-israel/military.africa/2021/01/paramount-group-set-up-new-training-division-acquires-burnham-global)
in Dubai-based defence services provider Burnham Global. The Dubai-based firm was
established from part of the UK-based Risk Advisory’s Government Services unit.

Burnham Global specializes on capacity-building training and mentoring for armed
forces in areas such as counter-terrorism and counter-IED training, staff officer
training, and border security development has gathered experience in European, UK,
and US-funded projects in Lebanon, Jordan, and Uganda.

Paramount has also entered a high-level defence collaboration agreement with Saudi
Arabian Military Industries (SAMI).

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 military.africa/2021/01/paramount-group-set-up-new-training-division-acquires-burnham-
global

“While no two countries have ever shared exactly similar operational requirements,
we at Paramount pride ourselves on developing customised solutions to meet operational
requirements. Our industry is serving as an incubator for some of the most important
technologies and breakthroughs that have impacted society over the last century”.
Dewell added.

In 2019, Paramount Group’s CEO Ivor Ichikowitz [announced](https://www.military.africa/2021/03/paramount-group-expands-business-into-israel/military.africa/2019/02/paramount-group-to-set-up-arms-facilities-in-mena-signs-agreements)
that it will focus its business activities in the Middle East and North Africa (
MENA) region.

MENA countries are a big focus for the company and much of its product development
is based on specifications from clients in the region.

“We’ve seen a lot of our growth coming from Mena,” he said. “A lot of our product
is evolving based on current operational requirements from the region.”

 military.africa/2019/02/paramount-group-to-set-up-arms-facilities-in-mena-signs-
agreements

With its new Israeli office, Paramount is now poised to benefit from the recent 
United State’s sponsored Abraham Accord, as well as the improved relations between
the Republic of Israel, the Kingdom of Bahrain, and the United Arab Emirates (UAE).

The removal of UAE-Israel trade restrictions facilitated by the Abraham Accord is
expected to generate business in excess of $4 billion in the next three years.

“Paramount Group is committed to building indigenous capability and provide economically
sustainable defence solutions to regional defence organisations. Its technologies
address the need for combating evolving asymmetric conflict due to its experience
in the African market,” the company said.

“For the last 27-years, we have experienced asymmetric conflict in Africa, which
presents several challenges for regional armed forces. Our technologies are designed
specifically to combat these evolving threats. This experience has equipped us with
battle-proven technologies that are seeing an increasing demand in the Middle East.
Any country that invests in these technologies will be investing in creating and
nurturing a culture of innovation,” Dewell concluded.

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