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Dh7.3 billion worth of deals inked on Day 2 of Idex in Abu Dhabi

Ismail Sebugwaawo /Abu Dhabi
ismail@khaleejtimes.com Filed on February 22, 2021
Visitors check out the exhibits at the International Defence Exhibition (IDEX) held at Abu Dhabi National Exhibtion Center. KT Photo by Ryan Lim.

UAE Armed Forces signed 11 deals with various companies.


The UAE has awarded Dh7.3 billion worth in defence and security deals to international and local firms on the second day of the International Defence Exhibition (Idex) taking place in Abu Dhabi.

Also read: Dh5 billion Idex deals on day 1 in Abu Dhabi

During a press conference, General Mohammed Al Hassani, Official Spokesperson of Idex announced that the UAE Armed Forces on Monday signed 11 deals with various companies.

The total value of contracts for day one and two of Idex and Navdex 2021 has reached more than Dh12.3 billion.

UAE companies received 2 deals (Dh310 million) of the 11 deals signed on Monday, while the remaining 9 contracts (Dh6.98 billion) were awarded to international companies.

The biggest contract- worth Dh3.7 billion, was awarded to Swedish aerospace and defence company, SAAB AB, to supply aero planes G6000 type to the UAE Air Force and the Air Defence.

American firm, Raytheon Company was awarded a Dh2.6 billion contract to supply missiles and air defence equipment to the UAE Air Force and the Air Defence.

A Dh136.3 million deal was awarded to an Italian multinational shipbuilding company, Ferretti S.P.A Division Ferreti, to provide fighting equipment to the UAE Navy, while a Dh30 million deal was awarded to Joint Stock Company Beltech Export, a Belarusian company to provide technical support.

Taking place at the Abu Dhabi National Exhibition Centre (Adnec), Idex will run until February 25 while following stringent Covid-19 prevention protocols.

On Monday, the UAE Armed Forces soldiers performed live military demonstrations to the visitors of the exhibition. The daily fantastic show demonstrates the force’s latest military equipment and skills and offers exhibiting companies the opportunity to demonstrate their latest equipment and crafts.

Over 900 exhibitors from 59 nations are taking part in this year’s edition, with 35 national pavilions. The companies are from defence, security, transport, telecommunication, aviation and other military fields.

ismail@khaleejtimes.com

author

Ismail Sebugwaawo

A professional journalist originating from Kampala, Uganda, Ismail is a happy father with strong attachment to family and great values for humanity. He has practiced journalism in UAE for the past 13 years, covering the country's parliament (FNC) and crimes, including Abu Dhabi Police, public prosecution and courts. He also reports about important issues in education, public health and the environment, with a keen interest in human interest stories. When out of reporting duties, he serves the Ugandan community in Abu Dhabi as he wants to see his countrymen happy. Exercising and reading are part of his free time.





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