Home » AED21.14 billion worth of total deals signed on first four days of IDEX and NAVDEX 2023

AED21.14 billion worth of total deals signed on first four days of IDEX and NAVDEX 2023

by Dubaiforum

ABU DHABI, 23rd February, 2023 (WAM) — Tawazun Council signed 10 deals, worth AED 2.7 billion, with local and international companies on behalf of the Ministry of Defence on the fourth day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2023.

This makes the cumulative value of the deals Tawazun Council signed on behalf of the Ministry of Defence and Abu Dhabi Police so far AED 21.14 billion for 44 deals.

The announcement was made during a press conference held by Tawazun Council’s official Spokesmen Majed Ahmed Al Jaberi, Zayed Saeed Al Meraikhi and Saeed Al Mansoori, CEO of Capital Events, a subsidiary of ADNEC Group.

Zayed Al Meraikhi said, “Today, Tawazun Council – the UAE defence and security acquisitions authority for the Ministry of Defence, UAE Armed Forces, Security Agencies and Abu Dhabi Police is pleased to announce the contracts that was signed on behalf of the Ministry of Defence on the fourth day of IDEX and NAVDEX 2023.”

The total number of contracts Tawazun Council signed today on behalf of the Ministry of Defence were 10 contracts with a total value of AED 2.7 billion. They include six contracts with local companies, with a total value of AED 1.2 billion, and 4 contracts signed with international companies with a total value of AED 1.5 billion.

The biggest local contract, worth AED 902 million, was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system and in-country services.

Another contract, worth AED 91 million, was signed with Edge Group’s subsidiary Earth to supply gun’s thermal camera.

A contract worth AED 53 million was signed with Tamalex International to provide vehicle’s technical support, maintenance and spare part supply services.

Three more contracts were signed with International Golden Group. A contract worth AED 65 million to procure theramo-camera and thermoscope, a contract worth AED 21 million to provide technical support services for SAP system, and a contract worth AED 24 million to provide vessels’ communication system with technical support services and logistic services.

Announcing the fourth day’s deals with international companies, Al Jaberi said, “The Council seeks to maximise value for money through innovative budgeting and acquisition systems, sustain technology and innovation to support national industry needs, secure defence and security industry through robust regulations and accelerate ecosystem growth by nationalising key acquisitions and capabilities, driving local content and creating in-country value.”

The international contracts announced today included an AED 1.26 billion contract with France’s MBDA to procure MICA missiles and a contract worth AED 36 million with Italy’s Leonardo to procure C4I systems’ spare parts.

Also signed was an AED 79 million contract with the US company Harris International to provide technical support and training services on C4I systems, and a contract worth AED 165 million with US Kaman Precision Products to procure ammunition fuzes.

Saeed Al Mansoori, CEO of Capital Events, an ADNEC Group subsidiary, announced the conclusion of the IDEX Next Gen Award at IDEX and NAVDEX 2023, which was participated by 34 startups from 52 countries.

He credited IDEX’s success to the unwavering support of its partners, including the Ministry of Defence and Tawazun Council.

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