UAE inks deals worth over AED 23 billion at IDEX, NAVDEX

The UAE signed 11 deals worth AED 2.2 billion at the International Defence Exhibition (IDEX) in Abu Dhabi on Friday.

On behalf of the Ministry of Defence, the Tawazun Council finalised seven contracts with local companies with a total value of AED 1.6 billion, and five with international firms, worth AED 653 billion.

This takes the cumulative value of the deals signed over five days to AED 23.34 billion.

Highlights from the fifth and last day’s shows of #NAVDEX2023 pic.twitter.com/Aqp7xKhHRy

— IDEX (@IDEX_UAE) February 24, 2023

The biggest local contract-worth AED 799 million, was awarded to ESE to procure ammunition. Also signed with ESE is a contract worth AED 14 million to procure ammunition.

Another contract, worth AED 612 million, was signed with Etimad Strategic Security Solutions to provide technical support for border security systems.

A contract worth AED 46 million was signed with AM Industries to procure guard rooms and an AED 43 million contract was signed with Aman Marine Engineering to provide vessels’ technical support, maintenance and spare parts supply services.

Other deals included an AED 3 million contracts with Falcom Eye Technologies to provide technical support and repair services for security systems, a contract worth AED 101 million with South Korea’s Hanawa Aerospace, through Tawazun Technology and Innovation, to procure multiple rocket launcher and to provide local support services.

Announcing the final day’s deals with international companies, Al Jaberi said a contract worth AED 198 million was signed with France’s MBDA to procure data link equipment and an AED 90 million contract with Euro-Art International, also from France, to provide radars’ technical support services.

Also announced were an AED 108 million contract with Swedish company SAAB to provide maintenance services on GlobalEye 6000 services, an AED 59 million contract with Germany’s Rohde & Schwarz to procure and install telecommunication systems, an AED 198 million contract with the Chinese company CETC International to procure and install telecommunication systems.