Tuesday , March 9 2021

Idex 2021: AED17.91b deals signed in 3 days


The third day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 12 new deals, worth AED 5.589 billion, with local and international companies. The cumulative value of deals signed at Idex and Navdex 2021 is now AED 17.913 billion.
Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of the Idex and Navdex exhibitions, said: “The total amount of deals signed with international parties amounted to AED 1.164 billion, which is 21% of the total deal value for Tuesday, and AED 4.425 billion of deals were agreed with UAE companies, which is 79% of the total deal value.” “Six contracts were awarded to international companies, and six agreements have been implemented with UAE based companies. 12 deals were signed in total,” he added.

The deals were announced during a press conference held today in the presence of Naval Staff Colonel Fahed Nasser Al Thehli and Lieutenant-Colonel Staff Maya Rashid Almazrouei, spokespersons for IDEX and NAVDEX 2021.
Naval Staff Colonel Fahed Nasser Al Thehli, Official Spokesperson for NAVDEX, commented: “Significant deals with UAE companies today include the contract which was put in place with ‘Yas Holding LCC’, purchasing Korean CHUNMOO launchers and missiles, at a value of AED 2,955,292,542. Further deals have included agreements with ‘Abu Dhabi Ship Building Company, providing technical support services for naval vessels and ships, at a value of AED 650,000,000.

“In addition, we have signed deals with ‘Vallo Equipment Spare Parts Trading’, providing technical support and supplying spare parts for the General Maintenance Corps, with a value of AED 60,000,000. We have hired ‘Unilux Heavy Equipment Spare Parts’, providing technical support for the General Maintenance Corps, for a value of AED 30,000,000.

“Further, contracts have been agreed with ‘Abu Dhabi Aviation Company’, providing the operation and management of search and rescue aircraft for the Joint Aviation Command for AED 173,500,000. Deals have also been concluded with ‘Etimad Strategic Security Solutions LCC’, providing technical support for security systems, at a value of AED 556,271,790.”

About Admin

Check Also

dnata achieves special cargo milestone in UAE

Dubai / Emirates Business dnata, one of the world’s largest air services providers, has achieved ...

Leave a Reply

Your email address will not be published. Required fields are marked *