UAE inks AED 20bn defence deals in IDEX

Abu Dhabi – Mubasher: The UAE has signed AED 20 billion ($5.45 billion) defence deals in a week at the IDEX military exhibition in the emirate of Abu Dhabi.

The signed contracts include AED 268 million agreements with international companies and AED 135.1 million agreements with local companies, the UAE military spokesman said on Thursday.

Earlier in February, the UAE Armed Forces announced the signing of 33 contracts worth AED 4.97 billion ($1.35 billion) on the first day of the IDEX 2019.

IDEX is running from 17 February to 21 February at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi.

During the event, up to 1,100 of local and international defence manufacturers and contractors will fill over 35,000 square metres of exhibition space running through the 12 exhibition halls, the concourse and the atrium.

Mubasher Contribution Time: 21-Feb-2019 12:44 (GMT)
Mubasher Last Update Time: 21-Feb-2019 13:05 (GMT)