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

Abu Dhabi - UAE Armed Forces signed 11 deals with various companies.



by

Ismail Sebugwaawo

Published: Mon 22 Feb 2021, 4:57 PM

Last updated: Mon 22 Feb 2021, 5:01 PM

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

Visitors check out the exhibits at the International Defence Exhibition (IDEX) held at Abu Dhabi National Exhibtion Center. KT Photo by Ryan Lim.
Visitors check out the exhibits at the International Defence Exhibition (IDEX) held at Abu Dhabi National Exhibtion Center. KT Photo by Ryan Lim.

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