Latest news with #AED5.8
Hi Dubai
19-05-2025
- Business
- Hi Dubai
Dubai Department of Economy and Tourism Showcases Industrial Strength at ‘Make it in the Emirates' 2025
Dubai Department of Economy and Tourism (DET) will spotlight the emirate's fast-growing manufacturing sector at Make it in the Emirates 2025, taking place from May 19 to 22 at the ADNEC Centre in Abu Dhabi. As one of the UAE's leading industrial events, the forum gathers key government entities, investors, and manufacturers to drive forward national industrial and export objectives. DET's participation aligns with the Dubai Economic Agenda D33, which aims to position Dubai as a global hub for advanced manufacturing and future-ready industrial investment. The Dubai Pavilion will feature major industrial stakeholders including Dubai Industrial City, National Industries Park, Dubai Integrated Economic Zones Authority, Dubai Chambers, and Dubai South. Together, they will showcase the emirate's integrated approach to industrial growth, highlighting business incentives, export support, and world-class infrastructure. In 2024, Dubai's manufacturing sector recorded AED28.3 billion in GDP and attracted AED5.8 billion in foreign direct investment—more than double the previous year. DET will present key initiatives at the forum, including the Export Assistance Programme, the Elite Buyer Programme, and the Industry Friendly Power Policy, which supports green and cost-efficient energy use in industrial sectors. Hadi Badri, CEO of the Dubai Economic Development Corporation, said Dubai's manufacturing rise reflects years of strategic planning, public-private collaboration, and smart regulation. 'This is a market where manufacturers can innovate, scale, and export with confidence,' he noted. With over 1,100 Greenfield projects and a record AED52.3 billion in FDI last year, Dubai's industrial sector continues to attract global attention. The emirate's presence at Make it in the Emirates reinforces its commitment to economic diversification and global competitiveness. News Source: Emirates News Agency
Dubai Eye
20-02-2025
- Business
- Dubai Eye
Deals worth AED9.77 bn signed over two days at IDEX, NAVDEX
Tawazun Council, the UAE's defence and security acquisitions authority, has announced the signing of five deals worth AED5.8 billion on the second day of IDEX and NAVDEX exhibitions in Abu Dhabi. This brings the total value of contracts signed in the first two days to AED9.77 billion across 18 deals. The local deals finalised on Tuesday include a AED3.76 billion contract with Calidus Aerospace for the HEDA Missile System, a AED492 million agreement with International Golden Group for ammunition, and a AED1.38 billion deal with DTEC Industries for 50-metre marine traffic boats. Internationally, Tawazun signed two contracts totalling AED213 million, including agreements with French company MBDA for naval equipment support, valued at AED32 million, and with Italy's Augusta Westland Aviation Services for technical and logistical support, along with aircraft spare parts, worth AED181 million. IDEX and NAVDEX 2025 serve as pivotal platforms for showcasing the latest technologies and innovations in the defence sector. شاهدوا محطات اليوم الثاني من معرضي #آيدكس و#نافدكس2025 في #مركز_أدنيك_أبوظبي ، حيث اجتمع الابتكار والتعاون ليرسما ملامح التميز! #مجموعة_أدنيك Day two Highlights from #IDEX and #NAVDEX 2025 at #ADNEC_Centre_AbuDhabi, where innovation and collaboration are shaping the future of… — IDEX (@IDEX_UAE) February 18, 2025 شهد اليوم الثاني من معرضي #آيدكس و #نافدكس 2025، إعلان مجلس التوازن، عن توقيع 5 صفقات بقيمة 5.80 مليار درهم مع شركات محلية ودولية في المعرضين اللذين تنظمهما مجموعة أدنيك بالتعاون مع وزارة الدفاع، ومجلس التوازن ويستمران حتى 21 فبراير. Tawazun Council announced the signing of 5… — IDEX (@IDEX_UAE) February 18, 2025
ARN News Center
20-02-2025
- Business
- ARN News Center
Deals worth AED9.77 bn signed over two days at IDEX, NAVDEX
Tawazun Council, the UAE's defence and security acquisitions authority, has announced the signing of five deals worth AED5.8 billion on the second day of IDEX and NAVDEX exhibitions in Abu Dhabi. This brings the total value of contracts signed in the first two days to AED9.77 billion across 18 deals. The local deals finalised on Tuesday include a AED3.76 billion contract with Calidus Aerospace for the HEDA Missile System, a AED492 million agreement with International Golden Group for ammunition, and a AED1.38 billion deal with DTEC Industries for 50-metre marine traffic boats. Internationally, Tawazun signed two contracts totalling AED213 million, including agreements with French company MBDA for naval equipment support, valued at AED32 million, and with Italy's Augusta Westland Aviation Services for technical and logistical support, along with aircraft spare parts, worth AED181 million. IDEX and NAVDEX 2025 serve as pivotal platforms for showcasing the latest technologies and innovations in the defence sector. شاهدوا محطات اليوم الثاني من معرضي #آيدكس و#نافدكس2025 في #مركز_أدنيك_أبوظبي ، حيث اجتمع الابتكار والتعاون ليرسما ملامح التميز! #مجموعة_أدنيك Day two Highlights from #IDEX and #NAVDEX 2025 at #ADNEC_Centre_AbuDhabi, where innovation and collaboration are shaping the future of… — IDEX (@IDEX_UAE) February 18, 2025 شهد اليوم الثاني من معرضي #آيدكس و #نافدكس 2025، إعلان مجلس التوازن، عن توقيع 5 صفقات بقيمة 5.80 مليار درهم مع شركات محلية ودولية في المعرضين اللذين تنظمهما مجموعة أدنيك بالتعاون مع وزارة الدفاع، ومجلس التوازن ويستمران حتى 21 فبراير. Tawazun Council announced the signing of 5… — IDEX (@IDEX_UAE) February 18, 2025
Zawya
19-02-2025
- Business
- Zawya
UAE: Record $2.6bln in contracts signed over two days at IDEX, NAVDEX 2025
ABU DHABI: Tawazun Council - the government authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies - announced the signing of five deals worth a total of AED5.8 billion with local and international companies on the second day of IDEX and NAVDEX 2025. With these agreements, the total value of contracts signed during the first two days of the exhibitions has reached AED9.77 billion across 18 deals. The announcement was made during a press conference attended by Majed Ahmed Al Jaberi, Mohammed Saif Al Zaabi, and Mahra Bilal Al Dhaheri, the official spokespersons for Tawazun Council. The press briefing detailed the council's contracts for the Ministry of Defense at IDEX and NAVDEX 2025, held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and organised by ADNEC Group in collaboration with the Ministry of Defense and Tawazun Council. Mahra Bilal Al Dhaheri stated that the second day's local deals amounted to three contracts worth AED5.57 billion. These included a contract with 'Calidus Aerospace' to Procure HEDA Missile System (Phase 1) worth AED3.76 billion, a contract with 'International Golden Group' for the procurement of ammunition worth AED492 million, and an agreement with 'DTEC Industries Limited' to purchase 50 meter marine traffic boats worth AED1.38 billion. Meanwhile, Mohammed Saif Al Zaabi announced that international contracts for the second day of IDEX and NAVDEX 2025 amounted to two deals worth AED213 million. These included an agreement with the French company 'MBDA' to provide spare parts, maintenance, repairs, and technical support for naval equipment, valued at AED32 million. Additionally, a contract was signed with 'Augusta Westland Aviation Services 'of Italy to provide technical, engineering, and logistics support, along with aircraft spare parts, worth AED181 million. Majed Ahmed Al Jaberi highlighted Tawazun Council's commitment to enhancing cooperation between leading local and international defence companies. He pointed out that IDEX and NAVDEX 2025 serve as pivotal platforms for showcasing the latest technologies and innovations. Al Jaberi further remarked that these contracts play a key role in supporting the nation's strategy to bolster its defence capabilities and expand its local manufacturing base—efforts that contribute to sustainable development and stimulate investment in advanced technologies.
Trade Arabia
18-02-2025
- Business
- Trade Arabia
Idex, Navdex nets $2.7bn contracts in first two days
Tawazun Council - the government authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies - has announced the signing of five deals worth a total of AED5.8 billion ($1,6 billion) with local and international companies on the second day of Idex and Navdex2025. With these agreements, the total value of contracts signed during the first two days of the exhibitions has reached AED 9.77 billion across 18 deals. The announcement was made by Majed Ahmed Al Jaberi, Mohammed Saif Al Zaabi, and Mahra Bilal Al Dhaheri, the official spokespersons for Tawazun Council at a press briefing. Al Dhaheri said the second day's local deals stood at AED 5.57 billion. These included a contract with 'Calidus Aerospace' to Procure HEDA Missile System (Phase 1) worth AED 3.76 billion, a contract with 'International Golden Group' for the procurement of ammunition worth AED 492 million, and an agreement with 'DTEC Industries Limited' to purchase 50 meter marine traffic boats worth AED 1.38 billion, she stated. Al Zaabi said the international contracts for the second day of Idex and Navdex2025 stood at AED 213 million. These included an agreement with the French company 'MBDA' to provide spare parts, maintenance, repairs, and technical support for naval equipment. Additionally, a contract was signed with 'Augusta Westland Aviation Services 'of Italy to provide technical, engineering, and logistics support, along with aircraft spare parts, worth AED181 million. Al Jaberi highlighted Tawazun Council's commitment to enhancing cooperation between leading local and international defence companies. He pointed out that Idex and Navdex2025 serve as pivotal platforms for showcasing the latest technologies and innovations.
