Local Business
Logo
 

33 deals valued at Dh18.33 billion inked at Idex

Haseeb Haider (principal Correspondent, Abu Dhabi)
Filed on February 28, 2015
33 deals valued at Dh18.33 billion inked at Idex

UAE defence industry clinches half of agreements at exhibition

33 deals valued at Dh18.33 billion inked at Idex (/assets/oldimages/idex-deals-thumb-2602.jpg)

The Caracal stand at Idex 2015 in Abu Dhabi. The event concluded on Thursday. — Kt photo by Nezar Balout

Abu Dhabi — The International Defence Exhibition and Conference, or Idex, which is the world’s second-biggest industry event, concluded here in the capital on Thursday, in which the UAE Armed Forces concluded 33 deals amounting to Dh18.328 billion, giving a big boost to the domestic defence manufacturing and service industry, which got more than 50 per cent share in them.

The bi-annual show got an overwhelming response from the defence industry, as the number of exhibitors, participants, visitors and the number of UAE-based industries grew significantly.

According to Staff Major General Dr Obaid Al Ketbi, chairman of the Idex and spokesperson for the UAE General Headquarters, over 100,000 business executives, military officers, engineers, strategists and others visited the show.

The number is much bigger compared to the 80,000 visitors at the 11th edition of Idex held in 2013. The number of exhibitors grew to 1,200 from 56 nations, including 170 UAE firms, which showcased their latest technologies and military firepower.

On the last day, the UAE Armed Forces announced to purchase two military transport C-17 aircraft from Boeing Company to boost its transport fleet. The value of the deal is Dh2.273 billion.

Abu Dhabi’s International Golden Group got a deal to purchase various ammunition and other defence solutions, valued at Dh67 million. The UAE Armed Forces will raise the capabilities and standards of naval vessels, through entering a deal with Etihad Ship Building, a local UAE company, to provide technical support. The value of the deal is Dh19 million.

The total deals of the day amounted to Dh2.359 billion.

Out of the total 33 deals awarded during the show, the local defence manufacturing and services industry got 15 deals amounting to Dh10.05 billion, which shows their strength and achievements made in the recent years.
Abu Dhabi-owned Al Taif Technical Services, which provides repairs and maintenance to the military vehicles and other platforms of the UAE Armed Forces, got a Dh2.4 billion deal, the biggest of all. The Ammroc, an MRO company, received the two contracts worth Dh2.5 billion.

Abu Dhabi’s Nimr Automotive got an order to manufacture 500 military vehicles. The company has been ordered to develop further 500 8x8 vehicles in a deal valued at Dh1.2 billion.

Another state-owned company, Abu Dhabi Autonomous Services and Investment, will provide spares, repairs and maintenance to the unmanned aerial vehicles in a contract valued at Dh490 million.

Tawazun Dynamics will provide precision-guided bombs known as Al Tariq amounting to Dh1.53 billion.

Local ship manufacturing companies led by Abu Dhabi Ship Building Company got a deal to build two ships costing Dh870 million. Two other ship makers, Al Fattan and Al Etihad Shipbuilding, received smaller contracts to construct eight patrol boats and two vessels valued at Dh18.5 million and Dh19 million, respectively.

A key addition to the Idex this year was the launch of the Umex, which saw visitors engaging with 33 local and international exhibitors of unmanned aerial vehicles.

A major highlight of the Umex was the live flying demonstrations that took place over two days at Tarif in the Western Region of Abu Dhabi.

Saleh Al Marzooqi, chief executive officer of the Idex, was delighted by the response to the successful show.
The participants at the event had a busy time with lot of interest from visitors. Jim Thomson, senior director for international strategic development in the Middle East and North Africa at General Atomics Aeronautical, said: “We have had a great experience. The Idex is by far the most productive show in the Middle East.”

— haseeb@khaleejtimes.com





ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /apps/pbcs.dll/article?avis=KT&date=20200607&category=ARTICLE&lopenr=200608784&Ref=AR&profile=1037 macro_action: article, macro_profile: , macro_adspot:
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery