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Mid East Info
24-02-2025
- Business
- Mid East Info
IDEX and NAVDEX 2025 Conclude with a Total of AED 25.15 Billion in Deals - Middle East Business News and Information
Tawazun Council announced 15 deals valued at AED 1.43 billion with both local and international companies. This brought the total number of deals signed during the five-day exhibition to 55, with a total value of AED 25.15 billion, marked a 10% growth compared to the 2023 edition. The total contracts signed amounted to AED 3.97 billion on the first day, AED 5.80 billion on the second day, AED 10.18 billion on the third day, and AED 3.77 billion on the fourth day. The announcement was made during a press conference attended by Majed Ahmed Al Jabri, Mohamed Saif Al Zaabi, and Mahra Bilal Al Dhaheri, the official spokespersons for Tawazun Council, who shared details about the council's agreements for the Ministry of Defense at the exhibitions, which were held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and organized by ADNEC Group, in collaboration with the Ministry of Defense and Tawazun Council. Mahra Bilal Al Dhaheri revealed that the total value of local deals on the fifth and final day of the exhibitions reached 11 deals worth AED 766.3 million. Among them were three contracts with 'International Golden Group': the first for purchasing ammunition valued at AED 145.3 million, the second for renewing licenses and programs for the Electronic Medical File System (HIS) infrastructure, worth AED 180 million, and the third for purchasing military uniforms and equipment valued at AED 136.8 million. Other notable local deals included contracts with 'Al Jaber Land Systems' for the provision of support services and spare parts for trailers worth AED 28 million, 'Itqan AL Khaleej Computers' for the development of infrastructure for the Ministry of Defense's ' Sheryan' system valued at AED 74.1 million, and 'Al Taif' for maintenance services of air defense systems worth AED 29 million. A contract was awarded to 'e-Marine' for maintenance and repair services of submarine cables for the Sharyan Network project, valued at AED 30 million. Additionally, an AED 25 million contract was signed with 'Trans Orient' for technical support services for Armed Forces vehicles. Another agreement, worth AED 22.5 million, was secured with 'Al Aberah Electrical' Works to provide technical support. Furthermore, 'Fast Marine' was contracted to supply inspection boats for AED 68.8 million, while the final deal involved 'Etimad Strategic Security Solutions', which secured an AED 26.8 million contract for the purchase of a specialized vehicle. Mohamed Saif Al Zaabi highlighted that the total value of international deals on the fifth day of the 'IDEX and NAVDEX 2025' exhibitions amounted to 4 contracts worth AED 661.6 million. These included a contract with US-based ' Lockheed Martin ' for the alignment of new Sidewinder missiles, valued at AED 429.4 million, and a contract with US-based ' INSITU ' for maintenance, repair, and sustainment services for drone systems, valued at AED 55.1 million. The deals also included an agreement with French company ' Safran Helicopter Engines ' for technical and engineering support services, as well as the supply of spare parts for aircraft engines, valued at AED 23.6 million. Additionally, a contract was signed with South Africa's ' GEW Technologies ' for the purchase of a wireless jamming system worth AED 153.5 million. Majed Ahmed Al Jabri emphasized that the success of IDEX and NAVDEX 2025 highlights the UAE's prominent position as a global leader in the defense industry. He added that the increased confidence in the UAE's defense and security investment environment reflects the country's role as a key strategic partner in this vital sector. Tawazun Council remains committed to enhancing the competitiveness of the national industry, supporting innovation, and ensuring defense readiness by attracting the latest global technologies and solutions. He continued, 'With the conclusion of the 17th edition of IDEX and the 8th edition of NAVDEX, we reaffirm Tawazun's role in achieving its goals of adding value through strategies that adopt the best practices in procurement and acquisition management, in close cooperation with our strategic partner, the Ministry of Defense, in line with the UAE's vision of developing a future-oriented defense sector.' Al Jabri concluded, 'We take this opportunity to celebrate the immense success of this year's exhibitions and are confident that future editions will see further growth and progress, thanks to the visionary leadership of our wise leaders and the ongoing journey of comprehensive development toward a prosperous future.'
Zawya
22-02-2025
- Business
- Zawya
IDEX and NAVDEX 2025 conclude with a total of AED 25.15bln in deals
Abu Dhabi – Tawazun Council announced 15 deals valued at AED 1.43 billion with both local and international companies. This brought the total number of deals signed during the five-day exhibition to 55, with a total value of AED 25.15 billion, marked a 10% growth compared to the 2023 edition. The total contracts signed amounted to AED 3.97 billion on the first day, AED 5.80 billion on the second day, AED 10.18 billion on the third day, and AED 3.77 billion on the fourth day. The announcement was made during a press conference attended by Majed Ahmed Al Jabri, Mohamed Saif Al Zaabi, and Mahra Bilal Al Dhaheri, the official spokespersons for Tawazun Council, who shared details about the council's agreements for the Ministry of Defense at the exhibitions, which were held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and organized by ADNEC Group, in collaboration with the Ministry of Defense and Tawazun Council. Mahra Bilal Al Dhaheri revealed that the total value of local deals on the fifth and final day of the exhibitions reached 11 deals worth AED 766.3 million. Among them were three contracts with 'International Golden Group': the first for purchasing ammunition valued at AED 145.3 million, the second for renewing licenses and programs for the Electronic Medical File System (HIS) infrastructure, worth AED 180 million, and the third for purchasing military uniforms and equipment valued at AED 136.8 million. Other notable local deals included contracts with 'Al Jaber Land Systems' for the provision of support services and spare parts for trailers worth AED 28 million, 'Itqan AL Khaleej Computers' for the development of infrastructure for the Ministry of Defense's " Sheryan" system valued at AED 74.1 million, and 'Al Taif' for maintenance services of air defense systems worth AED 29 million. A contract was awarded to 'e-Marine' for maintenance and repair services of submarine cables for the Sharyan Network project, valued at AED 30 million. Additionally, an AED 25 million contract was signed with 'Trans Orient' for technical support services for Armed Forces vehicles. Another agreement, worth AED 22.5 million, was secured with 'Al Aberah Electrical' Works to provide technical support. Furthermore, 'Fast Marine' was contracted to supply inspection boats for AED 68.8 million, while the final deal involved 'Etimad Strategic Security Solutions', which secured an AED 26.8 million contract for the purchase of a specialized vehicle. Mohamed Saif Al Zaabi highlighted that the total value of international deals on the fifth day of the "IDEX and NAVDEX 2025" exhibitions amounted to 4 contracts worth AED 661.6 million. These included a contract with US-based "Lockheed Martin"for the alignment of new Sidewinder missiles, valued at AED 429.4 million, and a contract with US-based' INSITU "for maintenance, repair, and sustainment services for drone systems, valued at AED 55.1 million. The deals also included an agreement with French company "Safran Helicopter Engines" for technical and engineering support services, as well as the supply of spare parts for aircraft engines, valued at AED 23.6 million. Additionally, a contract was signed with South Africa's "GEW Technologies" for the purchase of a wireless jamming system worth AED 153.5 million. Majed Ahmed Al Jabri emphasized that the success of IDEX and NAVDEX 2025 highlights the UAE's prominent position as a global leader in the defense industry. He added that the increased confidence in the UAE's defense and security investment environment reflects the country's role as a key strategic partner in this vital sector. Tawazun Council remains committed to enhancing the competitiveness of the national industry, supporting innovation, and ensuring defense readiness by attracting the latest global technologies and solutions. He continued, 'With the conclusion of the 17th edition of IDEX and the 8th edition of NAVDEX, we reaffirm Tawazun's role in achieving its goals of adding value through strategies that adopt the best practices in procurement and acquisition management, in close cooperation with our strategic partner, the Ministry of Defense, in line with the UAE's vision of developing a future-oriented defense sector.' Al Jabri concluded, "We take this opportunity to celebrate the immense success of this year's exhibitions and are confident that future editions will see further growth and progress, thanks to the visionary leadership of our wise leaders and the ongoing journey of comprehensive development toward a prosperous future."
ARN News Center
22-02-2025
- Business
- ARN News Center
IDEX and NAVDEX conclude with over AED 25 billion in deals
Tawazun Council, the UAE's defence and security acquisitions authority, announced 15 new deals worth AED 1.43 billion with local and international companies on the final day of IDEX and NAVDEX exhibitions in Abu Dhabi. This brings the total number of deals signed during the five-day event to 55, valued at AED 25.15 billion, marking a 10% increase compared to the 2023 edition. On the final day, local deals reached AED 766.3 million, including three contracts with 'International Golden Group' for ammunition, military uniforms and renewing licences and programmes for the Electronic Medical File System (HIS) infrastructure. Other notable local deals included 'Al Jaber Land Systems' for the provision of support services and spare parts for trailers, 'Itqan Al Khaleej Computers' for the development of infrastructure for the Ministry of Defence's Sheryan system, and 'Al Taif' for maintenance services of air defence systems. A contract was awarded to 'e-Marine' for maintenance and repair services of submarine cables for the Sharyan Network project, while a contract was signed with 'Trans Orient' for technical support services for Armed Forces vehicles, and a deal was secured with 'Al Aberah Electrical Works' to provide technical support. Furthermore, 'Fast Marine' was contracted to supply inspection boats, while 'Etimad Strategic Security Solutions' secured a contract for the purchase of a specialized vehicle. International deals on the fifth day totalled AED 661.6 million, with major agreements including a contract with US-based 'Lockheed Martin' for Sidewinder missiles, valued at AED 429.4 million, and a deal with French company 'Safran Helicopter Engines' for technical support. Contracts were also signed with South Africa's 'GEW Technologies' for the purchase of a wireless jamming system worth AED 153.5 million, and with US-based 'INSITU' for maintenance, repair and sustainment services for drone systems, valued at AED 55.1 million. The announcements were made during a press conference attended by Tawazun Council's spokespersons, who shared details on these strategic contracts for the Ministry of Defence. شهد اليوم الخامس من معرضي #آيدكس و #نافدكس 2025 إعلان مجلس التوازن عن توقيع 15 صفقة بقيمة 1.43 مليار درهم مع شركات محلية ودولية، ليرتفع إجمالي قيمة الصفقات المبرمة خلال جميع أيام الحدث إلى 25.15 مليار درهم. Tawazun Council announced the signing of 15 agreements with local and… — IDEX (@IDEX_UAE) February 21, 2025
TAG 91.1
21-02-2025
- Business
- TAG 91.1
IDEX and NAVDEX conclude with over AED 25 billion in deals
Tawazun Council, the UAE's defence and security acquisitions authority, announced 15 new deals worth AED 1.43 billion with local and international companies on the final day of IDEX and NAVDEX exhibitions in Abu Dhabi. This brings the total number of deals signed during the five-day event to 55, valued at AED 25.15 billion, marking a 10% increase compared to the 2023 edition. On the final day, local deals reached AED 766.3 million, including three contracts with 'International Golden Group' for ammunition, military uniforms and renewing licences and programmes for the Electronic Medical File System (HIS) infrastructure. Other notable local deals included 'Al Jaber Land Systems' for the provision of support services and spare parts for trailers, 'Itqan Al Khaleej Computers' for the development of infrastructure for the Ministry of Defence's Sheryan system, and 'Al Taif' for maintenance services of air defence systems. A contract was awarded to 'e-Marine' for maintenance and repair services of submarine cables for the Sharyan Network project, while a contract was signed with 'Trans Orient' for technical support services for Armed Forces vehicles, and a deal was secured with 'Al Aberah Electrical Works' to provide technical support. Furthermore, 'Fast Marine' was contracted to supply inspection boats, while 'Etimad Strategic Security Solutions' secured a contract for the purchase of a specialized vehicle. International deals on the fifth day totalled AED 661.6 million, with major agreements including a contract with US-based 'Lockheed Martin' for Sidewinder missiles, valued at AED 429.4 million, and a deal with French company 'Safran Helicopter Engines' for technical support. Contracts were also signed with South Africa's 'GEW Technologies' for the purchase of a wireless jamming system worth AED 153.5 million, and with US-based 'INSITU' for maintenance, repair and sustainment services for drone systems, valued at AED 55.1 million. The announcements were made during a press conference attended by Tawazun Council's spokespersons, who shared details on these strategic contracts for the Ministry of Defence. شهد اليوم الخامس من معرضي #آيدكس و #نافدكس 2025 إعلان مجلس التوازن عن توقيع 15 صفقة بقيمة 1.43 مليار درهم مع شركات محلية ودولية، ليرتفع إجمالي قيمة الصفقات المبرمة خلال جميع أيام الحدث إلى 25.15 مليار درهم. — IDEX (@IDEX_UAE) February 21, 2025
