Tawazun Council signs Dhs23b worth of total deals at Dubai Airshow
Zayed Saeed Al Meraikhi and Mona Ahmed Al Jaber made the announcement during a press conference on Friday.
The announcement was made during a press conference held by Tawazun Council’s official Spokesmen Zayed Saeed Al Meraikhi and Mona Ahmed Al Jaber, Chief Corporate Communication Officer at Tawazun Council.
Zayed Saeed Al Meraikhi said, the number of contracts signed by Tawazun Council on behalf of the Ministry of Defense with local companies reached 4 contracts, totaling Dhs392 million on the fifth day of Dubai Airshow 2023. The contract- worth Dhs178 million, was awarded to “Lahab Defence Systems”, an Edge company, to procure Bombs Body. A contract worth Dhs82 million was signed with “ADASI”, an Edge company, to provide Upgrade Services on Al Saber UAV’s. Other two announced deals with local companies included “GAL” company worth Dhs93.9 million to provide Technical Support on VIP Aircrafts, and a contract with “Yahsat” to provide Technical Support at a value of Dhs38 million.The international contracts announced today by Al Meraikhi, included 6 contracts at a total value of Dhs1.023 billion. The first contract was signed with the Swedish company “SAAB” to procure Radars, at a total value Dhs145 million. An Dhs262 million contract awarded to the French company “Thales”” to procure Radars.A contract signed with the Italian company “- ELETTRONICA” to procure Ammunition for Aircraft for Dhs240 million. While two contracts were signed with the Italian company “LEONARDO”, the first one is to purchase VIP Helicopters for Dhs259.5 million and the second one for providing Technical Support on Radars worth Dhs70 million. A contract with the American company “L3Harris” to procure Microwave Stations for Dhs46.7 million.
Al Meraikhi said: “Concluding the 18th Dubai Airshow 2023, we at Tawazun Council, take pride in the unwavering trust bestowed upon us by our visionary leadership to manage the contractual, legal, and financial aspects of procurement for the Ministry of Defense, Abu Dhabi police and security agencies.”
”We seize this opportunity to applaud the tremendous success achieved by this year’s Dubai Airshow. We are confident that future editions will witness even greater advancements and growth in all aspects, thanks to the visionary leadership and the comprehensive development journey towards a prosperous future,” he added.
Sanad and EGYPTAIR: Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s Mubadala Investment Company, and EGYPTAIR MAINTENANCE & ENGINEERING, an EGYPTAIR HOLDING Co. subsidiary, and leading provider of maintenance, repair and overhaul (MRO) services for commercial aircraft, engines and components in the Middle East and Africa since 1932, have inked a transformative Memorandum of Understanding (MoU) set to bolster MRO services for a diverse range of commercial aircraft engines and components in Cairo, while also extending its positive impact to the broader and rapidly expanding African and Middle Eastern markets.
The MoU was formally sealed at the Dubai Airshow 2023 by Mansoor Janahi, Managing Director and Group CEO of Sanad, and Eng. Yehia Zakaria, Chairman & CEO of EGYPTAIR HOLDING Co.
This strategic partnership underscores Sanad’s unwavering commitment to advancing its MRO services and capabilities worldwide, in line with its objective to enhance its global footprint.
Egypt’s aviation sector has rapidly evolved into a driving force within the nation’s economy. This growth trajectory is poised for even greater acceleration over the next 20 years, with a projected twofold increase, underlining the sector’s pivotal role in Egypt’s economic landscape.
Notably, within Africa, the engine MRO market’s value is projected to double from $1.2 billion in 2023 to $2.4 billion by 2033, highlighting the robust demand in this rapidly growing market.
The collaboration between Sanad and EGYPTAIR MAINTENANCE & ENGINEERING will enable both entities to deliver enhanced MRO services, working closely to meet the growing demands for engine servicing.
This strategic partnership is set to offer enhanced engine testing and MRO services, including the convenience of in-house engine part repairs, extending not only in Cairo but also at Sanad’s state-of-the-art facility in Abu Dhabi.
This innovative alliance is well-positioned to significantly expand Sanad and EGME’s customer base, bringing them closer to their customers in Africa and the Middle East.
Within the framework of this strategic agreement, both companies are committed to pooling their substantial expertise and resources into this collaboration.
Sanad, with over 35 years of experience will provide operational and engineering expertise, while EGYPTAIR MAINTENANCE & ENGINEERING will contribute workforce and technical capabilities, leveraging its state-of-the-art Engine MRO facility in Cairo.
WAM
