That two deals worth over Dhs12 billion were signed on the first two days of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2021 shows the strategic importance of the UAE, particularly in the realm
Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company
Staff Brigadier-General Mohammed Al Hassani, official spokesperson of the IDEX and NAVDEX exhibitions, said "18 contracts were awarded to UAE companies, while six deals were agreed with international companies."
The timely organisation of the event and the level of global participation underscore the UAE’s ability and efficiency in organising global events at all times, says Sheikh Mohammed Bin Zayed.
His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, continued on Monday his tour of several national pavilions at the 15th edition
"The total amount of deals signed with international parties amounted to Dhs6.983 billion, which is 95 per cent of the total deal value for today, and Dhs310 million of deals were agreed with UAE companies, which is 5 per cent of today’s total deal value."
Sheikh Mohammed Bin Rashid visited pavilions of Clidus, Edge, Cingulate, the joint UAE-US and Israeli company where he was briefed about its latest technological defence offerings. Sheikh Mohamed Bin Zayed also visited the final day of the International Defence Exhibition and Conference.