Abu Dhabi exhibitions get 11 deals in a day

The first day of the International Defence Exhibition and the Naval Defence Exhibition in Abu Dhabi saw eleven deals worth 4.5 billion dirhams ($1.2 billion) being signed between Tawazun Council and both local and international companies. Tawazun Council is an independent government entity that maximises value through acquisition systems, working closely with the UAE’s Ministry of Defence and security agencies.

Zayed Saeed Al-Meraikhi, the official spokesman for Tawazun Council, said the council signed six contracts worth 2.3 billion dirhams with local companies and five deals worth 2.2 billion dirhams with international companies. Among these deals, Tawazun Council signed a contract worth 2.14 billion dirhams with Halcon, a subsidiary of Edge Group, to procure the Thunder P3 system. Additionally, a 78 million dirhams contract with Maplin Marine Systems and Services was signed to provide technical support services for vessels.

Majed Ahmed Al-Jaberi, another spokesman for the council, announced the international contracts, which included a 1.5 billion dirhams contract with PT Pal of Indonesia for the procurement of a multi-mission vessel, and another contract worth 421 million dirhams with Thales LAS of France for the procurement of GM403 radars.

The International Defence Exhibition and the Naval Defence Exhibition began on Monday and will continue until Friday. The deals signed on the first day indicate a strong start for the exhibitions, which are expected to showcase cutting-edge defence technologies and strengthen international cooperation in the defence sector.

bu According to officials, the deals signed demonstrate the UAE’s commitment to promoting local companies and prioritising national security through the acquisition of state-of-the-art equipment and services.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us