Azerbaijan, Baku, Oct.6 / Trend, A. Taghiyeva /
Algeria and the United Arab Emirates announced that they established a joint venture for the production of small arms. Agreement on the organization of the company was reached in April, Dar al Hayat agency reported on Thursday with reference to the Algerian Defense Ministry.
As the Defense Ministry said in a statement, the company called "Caracal" will specialize in the production of small arms - pistols, submachine guns, assault and sniper rifles.