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The UAE Armed Forces on Wednesday announced signing 24 new deals worth Dh2 billion at the ongoing defence exhibition in Abu Dhabi. The total value of deals closed by the end of the fourth day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) now stands at Dh20 billion.
Eighteen local and six international companies secured contracts on the expo's penultimate day, said Staff Brigadier-General Mohammed Al Hassani, official spokesperson for the exhibitions.
“A total amount of Dh2,140,444,063 worth of deals were awarded. Local companies accounted for 66 per cent and international companies 34 per cent of the total value of the deals,” Al Hassani said during a Press conference. The defence exhibition will run until Thursday.
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