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Business Home > Archive
 
UAE signs 14 more deals worth Dh4b

23 February 2011

ABU DHABI — The UAE on Tuesday announced signing of 14 deals worth close to Dh4 billion with companies participating in the International Defence Exhibition and Conference (IDEX 2011), and vowed to continue spending on the country’s defence.

With the deals worth Dh3.94 billion announced on the third day of the show bring the total contracts to worth Dh7.95 billion since the inauguration of the IDEX.

During his daily official briefing on the third day of the show, Major General Obaid Al Ketbi, the show spokesman, said the largest contract of the day went to Emirate System valued at Dh2.01 billion ($550 million) for implementing the Command, Control, Communications, Computers and Intelligence (C4I) system.

The second largest deal worth Dh423 million was secured by Franc’s Nexter System for technical support for LeClerc tanks, while the third largest went to UAE’s International Golden Group (IGG) worth D392.6 million for the purchase and supply of assorted weapons and ammunitions and global positioning systems (GPS).

The fourth largest deal worth Dh326.4 million went to Abu Dhabi’s Bayanat Company to provide full data and services, including military geospatial surveying, air photography, mapping and geographical analysis within the country.

US’s Goodrich Corporation secured a deal of Dh297.3 million to provide reconnaissance parts for the UAE F-16 jets, while French Dassault Aviation bagged a contract worth Dh112.4 million for upgrading weapon systems of the Mirage 2000 fighters.

Al Ketbi said the show has been very encouraging and successful so far with multi-billion dirham contracts that will continue till the end of the show on Thursday.

The official said there has been tremendous interest from delegates and visitors during the past three days.

Without giving any budgetary figures, the official said: “Our defence spending will continue as we have plan and procurement depending on the needs of the Armed Forces.”

Al Ketbi also said the current regional turmoil and crises had no impact on the show. “No indications of any cancellations of the IDEX. The exhibition is going smoothly and we hope it will be the case till the end,” he said.

According to organisers, the number of the visitors since Sunday has been growing on the third day with this edition of the show expected to break the previous one.

Alongside the IDEX, Naval Defence Exhibition (NAVDEX) also received a growing number of visitors. They also visited some of the vessels berthed at the nearby channel.

      nissar@khaleejtimes.com

 

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