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ABU DHABI / WAM
The second day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 11 new deals, worth AED 7.293 billion, with local and international companies. The cumulative value of deals signed at Idex and Navdex 2021 is now AED 12.323 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 6.983 billion, which is 95 percent of the total deal value for Monday, and AED 310 million of deals were agreed with UAE companies, which is 5 percent of Monday’s total deal value.â€
“Nine contracts were awarded to international companies, while two deals were finalised with companies based in the UAE. 11 deals were signed in total,†he added.