Sharjah 24 – WAM: 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 percent of the total deal value for today, and AED 4.425 billion of deals were agreed with UAE companies, which is 79 percent of today’s 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 Tuesday in the presence of Naval Staff Colonel Fahed Nasser Al Thehli and Lieutenant-Colonel Staff Maya Rashid Almazrouei, spokespersons for IDEX and NAVDEX 2021.
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