IDEX 2021: Dh5.6-billion deals awarded on Day 3 of exhibition in Abu Dhabi

Abu Dhabi - Abu Dhabi-based Yas Holding snares a Dh2.96-billion contract.

The UAE Armed Forces announced signing 12 deals worth Dh5.6 billion with local and international companies on the third day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (NAVDEX). The total value of deals signed till date now stands at Dh17.9 billion.

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Staff Brigadier-General Mohammed Al Hassani, official spokesperson for Idex and Navdex, noted that both the local and international companies were awarded six deals each. Abu Dhabi-based Yas Holding grabbed the spotlight with a contract worth nearly Dh3 billion.

“The deals clinched by local firms made 79 per cent of the total amount awarded on the day,” Al Hassani told reporters during a media briefing.

Among local companies, Yas Holding got the Dh2.955-billion deal for the purchase of a Chunmoo rocket artillery system, while Abu Dhabi Ship Building was awarded a Dh650-million contract for comprehensive technical management of naval ships and boats. Etimad Strategic Security Solutions closed a Dh556-million deal to provide technical support for protection of vital establishments.

Among the top international names that inked deals were American companies Harris International (Dh651 million) for automated control and command, and Boeing (Dh112 million) for aircraft simulators, and Italian firm Elettronica (Dh289 million) for warfare technical support.

• Abu Dhabi