UAE inks deals worth over AED 21 billion at IDEX

The UAE signed 10 deals worth AED 2.7 billion at the International Defence Exhibition (IDEX) in Abu Dhabi on Thursday.

On behalf of the Ministry of Defence, the Tawazun Council finalised six contracts with local companies with a total value of AED 1.2 billion, and four with international firms, worth AED 1.5 billion.

This takes the cumulative value of the deals signed over four days to AED 21.14 billion.

Tawazun Council announced the signing of 10 deals with local and international companies on day four of the #IDEX and #NAVDEX 2023 exhibitions, cumulatively worth AED 2.7 billion. The two exhibitions will continue until 24 February. pic.twitter.com/URoZ1bpRQP

— IDEX (@IDEX_UAE) February 23, 2023

A domestic contract, worth AED 902 million was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system and in-country services.

Another contract, worth AED 91 million was signed with Edge Group’s subsidiary Earth to supply gun’s thermal camera.

A deal worth AED 53 million was signed with Tamalex International to provide vehicles' technical support, maintenance and spare part supply services.

Three more contracts were signed with International Golden Group. One worth AED 65 million to procure theramo-camera and thermoscope, a contract worth AED 21 million to provide technical support services for SAP system and a contract worth AED 24 million to provide vessels’ communication system with technical support and logistic services.

Tawazun Council’s official spokesman Majed Ahmed Al Jaberi said: “The Council seeks to maximize value for money through innovative budgeting and acquisition systems, sustain technology and innovation to support national industry needs, secure defense and security industry through robust regulations and accelerate ecosystem growth by nationalizing key acquisitions and capabilities, driving local content and creating in-country value."

The international deals announced today included an AED 1.26 billion contract with France’s MBDA to procure MICA missiles and a contract worth AED 36 million with Italy’s Leonardo to procure C4I systems’ spare parts.

An AED 79 million contract was signed with the US company Harris International to provide technical support and training services on C4I systems and a contract worth AED 165 million with US Kaman Precision Products to procure ammunition fuzes.