Photo by Ryan Lim / Khaleej Times
Photo by Ryan Lim / Khaleej Times

IDEX 2021: Deals worth Dh2 billion inked on Day 4 of Abu Dhabi exhibition

Abu Dhabi - The total value of Idex deals closed now stands at Dh20 billion.



by

Ashwani Kumar

Published: Wed 24 Feb 2021, 4:18 PM

Last updated: Wed 24 Feb 2021, 4:23 PM

The UAE Armed Forces on Wednesday announced signing 24 new deals worth Dh2 billion at the ongoing defence exhibition in Abu Dhabi. The total value of deals closed by the end of the fourth day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) now stands at Dh20 billion.

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Eighteen local and six international companies secured contracts on the expo's penultimate day, said Staff Brigadier-General Mohammed Al Hassani, official spokesperson for the exhibitions.

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“A total amount of Dh2,140,444,063 worth of deals were awarded. Local companies accounted for 66 per cent and international companies 34 per cent of the total value of the deals,” Al Hassani said during a Press conference. The defence exhibition will run until Thursday.


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