Sharjah 24 – WAM: The fourth day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2021 has seen the UAE Armed Forces sign 24 new deals, worth AED2.140 billion, with local and international companies. The cumulative value of deals signed at IDEX and NAVDEX is now AED20.053 billion.
Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of the IDEX and NAVDEX exhibitions, said, "The total amount of deals with UAE companies amounted to AED1.42 billion, which accounts for 66 percent of the total deal value, while the total amount of deals with international companies amounted to AED720 million, or 34 percent of the total deal value.
"18 contracts were awarded to UAE companies, while six deals were agreed with international companies," he added.
The deals were announced during a press conference held Wednesday in the presence of Naval Staff Colonel Fahed Nasser Al Thehli and Lieutenant-Colonel Sarah Al Hajri, spokespersons for IDEX and NAVDEX 2021.
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