25 C
Wednesday, March 22, 2023

UAE: Idex 2023 sets record with AED23.34 billion deals signed in 5 days – News

UAE: Idex 2023 sets record with AED23.34 billion deals signed in 5 days – News

The high level of participation in this year’s shows underscores the importance of these shows to the defense sector, a senior official said

read more…

published: Friday, February 24, 2023 at 6:19 pm

The defense exhibitions Idex and Navdex – the largest event of its kind in the world – are making waves in the UAE capital. In five days, the Ministry of Defense and Abu Dhabi Police signed 56 deals with local and international companies through the Tawazun Council worth a record AED23.34 billion.

At a press conference, Majed Ahmed Al Jaberi, Zayed Saeed Al Meraikhi, and Ahmed Ali Al Harmoodi (Head of Acquisition Management, Tawazun Council), Tawazun Council’s official spokespersons, announced the signing of a total of 12 deals worth AED 2.25 billion on the last day of the deal. Ram’s deal. exhibition.

Seven local deals worth AED 1.6 billion and five international contracts worth AED 653 million were signed.

“We thank our wise leadership for the trust and support they have given us to manage the contractual, legal and financial aspects of the procurement and planning of the MoD, security agencies and Abu Dhabi Police from launch to completion. 12 percent,” Al Harmoodi said of the value of the signed deals.

“Yes, it’s the biggest ever,” he told Khaleej era.

This is the 16th edition of the International Defense Exhibition (Idex), held every two years, and the seventh edition of the Naval Defense Exhibition (Navdex), held at the National Exhibition Center in Abu Dhabi.

The cumulative transaction volume of the past 10 sessions are: 20.95 billion dirhams (2021), 20.05 billion dirhams (2019), 19.1 billion dirhams (2017), 18.3 billion dirhams (2015), 141 billion dirhams billion dirhams (2013)), 14.5 billion dirhams (2011), 18.4 billion dirhams (2009), 1.4 billion dirhams (2007), 6.8 billion dirhams (2005), AED 1.6 billion (2003).

special edition

In a separate press conference, senior officials from the Higher Organizing Committee and ADNEC highlighted that the current Idex, first established in 1993, has excelled in terms of deals signed, participation, areas covered, guest satisfaction wait

“This success would not have been possible without the support of our wise leadership over the past three decades. I thank ADNEC, the organizing committee and the different national entities that have contributed to the success of this international event. The organization of the exhibition is A successful model that can be emulated by others,” said Faris Khalaf Al Mazrouei, Chairman of the Higher Organizing Committee of the Idex and Navdex Exhibitions and International Defense Conference.

“For five days, the UAE capital has been the focus of the entire international community, especially the defense industry. We hope for greater success in the next session,” said Mubarak Saeed Al-Said, vice-chairman of the Idex and Navdex Senior Organizing Committee. Major General Gavan Jabri said.

Humaid Al Dhaheri, Managing Director and Group CEO of ADNEC, said that the satisfaction rate of visitors and participants of this edition was 90%.

“This is a special edition. The high level of participation underscores the importance of these exhibitions as the defense sector’s biggest event,” said Al Dhaheri, noting that 75 percent of exhibitors booked for the 2025 edition.

“There will be more universities and start-ups participating in the next conference,” said Saeed Al Mansoori, CEO of Capital Events, a subsidiary of ADNEC Group, as he kicked off the next conference.

Ministry of Defense contracts with local companies

>> Two separate deals with ESE to procure ammunition (AED799m, AED14m)

>> Etimad Strategic Security Solutions provides technical support for border security system (AED 612 million)

>> Hanwha Aerospace (Korea) to procure multiple rocket launchers and provide local technical support services through Tawazun Technology and Innovation (AED 101 million)

>> AM Industries procures guardhouse (AED 46 million)

>> Aman Marine Engineering to provide marine technical support, maintenance and spare parts supply (AED 43 million)

>> Falcon Eye Technology to provide technical support and repair services for security systems (AED 3 million)

Dealing with DoD contracts with international companies

>> France-based MBDA procures data link equipment (AED 198 million)

>> CETC International procures and installs telecommunication system (AED 198 million)

>> Sweden SAAB provides maintenance services through GlobalEye 6000 (108 million dirhams)

>> France Euro-Art International provides radar technical support services (90 million dirhams)

>> Rohde & Schwarz procurement and installation of telecommunications systems in Germany (59 million dirhams)

Source link

Related Articles

Latest Articles