Nation’s Industrialization at the forefront of Global Supply Chain Provider’s Planned Expansion in to Land, Maritime and Aerial Solutions for Region

September 21^st, 2018, Johannesburg – In support of the Eurasian nation of Kazakhstan’s commitment to further developing industrial capacity, African-based global defence and aerospace business Paramount Group, alongside its subsidiary enterprise, Kazakhstan Paramount Engineering (KPE), proudly announced a commitment to collaborate in the expansion of KPE in to further land, maritime and aerial production lines.

The announcement, held during the Africa Aerospace and Defence Exhibition (AAD) of 2018 and following an extensive tour of Paramount Group facilities beyond The commitment behind the partnership includes the exploration of KPE manufacturing Unmanned Aerial Vehicles (UAVs), Fourth Industrial Revolution-inspired aerial platforms and naval vehicle production, serving as examples of expanding upon a portable manufacturing model that has transformed the brand in to a dynamic success story.

Kazakhstan Paramount Engineering (KPE) today plays host to one of the largest and most modern armoured vehicle facilities in the world. The factory was originally established to serve the needs of Kazakhstan and surrounding countries; the facility has however, excelled in both quality and efficiency.

Founder and Executive Chairman of Paramount Group, Ivor Ichikowitz, stated: “ We have for some time looked forward to the opportunity to further invest KPE capacities, building on the tremendous successes of our manufacturing in country and its graduation to global supply chain provider of land solutiondeveloping new technologies and playing our role in the Kazakh nation's continued industrialization and development"

Further commitment defence portable production material stressing a commitment to the nation's continued industrialization is presently underway

Aibek Baryssov, Head of the Supervisory Board of Kazakhstan Paramount Engineering (KPE) said: "It remains the privilege of Kazakhstan Paramount Engineering (KPE) to collaborate with Paramount Group, an important player within the global defense and security industry. I'm proud beyond words of the exemplary work that we have accomplished in building the KPE brand and hope our success story drives further, cross-sectoral investment opportunities in Kazakhstanin future. We are also very proud to have achieved the high level of quality standards and productivity demanded by Paramount Group in order to be part of its global supply chain".

About Paramount Group

Paramount Group is Africa's largest privately-owned defence and aerospace business.  It is a leader in defence and security innovation and is a trusted partner to sovereign governments around the world, providing ground-breaking products, services and consultancy, including support for peacekeeping missions. Please visit www.paramountgroup.com for more information and follow us on Twitter.

Kazakhstan Paramount Engineering (KPE) serves as a joint venture between Paramount Group and Kazakhstan.