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IDEX and NAVDEX 2025 Conclude with a Total of AED 25.15 Billion in Deals - Middle East Business News and Information
IDEX and NAVDEX 2025 Conclude with a Total of AED 25.15 Billion in Deals - Middle East Business News and Information

Mid East Info

time24-02-2025

  • 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.'

IDEX and NAVDEX 2025 conclude with a total of AED 25.15bln in deals
IDEX and NAVDEX 2025 conclude with a total of AED 25.15bln in deals

Zawya

time22-02-2025

  • 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."

Total Deals at IDEX and NAVDEX 2025 Reach AED 23.72 Billion in Four Days - Middle East Business News and Information
Total Deals at IDEX and NAVDEX 2025 Reach AED 23.72 Billion in Four Days - Middle East Business News and Information

Mid East Info

time21-02-2025

  • Business
  • Mid East Info

Total Deals at IDEX and NAVDEX 2025 Reach AED 23.72 Billion in Four Days - Middle East Business News and Information

Tawazun Council, the authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies, announced the signing of 12 new deals worth AED 3.77 billion with local and international companies on the fourth day of IDEX and NAVDEX 2025. This brings the total value of contracts signed over the four days of the exhibition to 40 deals, amounting to AED 23.72 billion. The announcement was made during a press conference attended by Tawazun Council's official spokespersons: Majed Ahmed Al Jaberi, Mohammed Saif Al Zaabi, and Mahra Bilal Al Dhaheri. The exhibitions are held under the patronage of UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan and are organized by ADNEC Group in collaboration with the Ministry of Defense and Tawazun Council. Mahra Bilal Al Dhaheri revealed that the total value of 7 local contracts on the fourth day of the event reached AED 1.25 billion. These deals included a contract with' International Golden Group' for ammunition supply worth AED 488 million, an agreement with 'AM Industries' to procure Shooting range targets valued at AED 4.54 million, and a deal with 'Bayanat' for the implementation and development of the (Tarjama) program for AED 6 million. Additional local contracts included an agreement with 'Emirates Motor Company' for maintenance, repair, and spare parts supply services worth AED 10 million, an AED 22.5 million contract with 'Itqan AL Khaleej Computers' for technical support services, and an AED 233 million deal with 'National Factory for Safety and Security Products' for the supply of military footwear. The final local contract of the day was awarded to 'Trust' for the purchase of Fire support system valued at AED 487.7 million. Mohammed Saif Al Zaabi highlighted that the 5 international contracts for the fourth day totaled AED 2.51 billion. These included an AED 219.1 million agreement with 'Leonardo' (Italy) for the procurement of Agusta AW-139 helicopters, an AED 10.8 million deal with 'Rohde & Schwarz' (Germany) for the acquisition of radio reconnaissance systems, and an AED 766 million contract with 'Nexter' (France) for the supply of spare parts, repair, and technical support for Leclerc tanks. A deal was also signed with the Swedish company ' SAAB 'to provide maintenance services for G6000 SRSS early warning aircraft, worth AED 753 million. Additionally, a contract was made with the American company 'Lockheed Martin' for technical support services and the supply of spare parts for Black Hawk helicopters, valued at AED 764.6 million. Majid Ahmed Al Jaberi reaffirmed Tawazun Council's commitment to maintaining the highest quality standards in the defense industry and prioritizing strategic acquisitions. He emphasized the Council's role in securing cutting-edge defense solutions and implementing best global procurement practices, ensuring the UAE's defense sector remains globally competitive and future-oriented.

IDEX and NAVDEX 2025 deals reach Dhs23.72b in 4 days
IDEX and NAVDEX 2025 deals reach Dhs23.72b in 4 days

Gulf Today

time21-02-2025

  • Business
  • Gulf Today

IDEX and NAVDEX 2025 deals reach Dhs23.72b in 4 days

Tawazun Council, the authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies, announced the signing of 12 new deals worth Dhs3.77 billion with local and international companies on the fourth day of IDEX and NAVDEX 2025. This brings the total value of contracts signed over the four days of the exhibition to 40 deals, amounting to Dhs23.72 billion. The announcement was made during a press conference attended by Tawazun Council's official spokespersons: Majed Ahmed Al Jaberi, Mohammed Saif Al Zaabi, and Mahra Bilal Al Dhaheri. The exhibitions are held under the patronage of UAE President His Highness Sheikh Mohammed Bin Zayed Al Nahyan and are organised by ADNEC Group in collaboration with the Ministry of Defense and Tawazun Council. Mahra Bilal Al Dhaheri revealed that the total value of 7 local contracts on the fourth day of the event reached Dhs1.25 billion. These deals included a contract with' International Golden Group' for ammunition supply worth Dhs488 million, an agreement with 'AM Industries' to procure Shooting range targets valued at Dhs4.54 million, and a deal with 'Bayanat' for the implementation and development of the (Tarjama) program for Dhs6 million. Additional local contracts included an agreement with 'Emirates Motor Company' for maintenance, repair, and spare parts supply services worth DHS10 million, an Dhs22.5 million contract with 'Itqan AL Khaleej Computers' for technical support services, and an Dhs233 million deal with 'National Factory for Safety and Security Products' for the supply of military footwear. The final local contract of the day was awarded to 'Trust' for the purchase of Fire support system valued at Dhs487.7 million. Mohammed Saif Al Zaabi highlighted that the 5 international contracts for the fourth day totalled Dhs2.51 billion. These included an Dhs219.1 million agreement with 'Leonardo' (Italy) for the procurement of Agusta AW-139 helicopters, an Dhs10.8 million deal with 'Rohde & Schwarz' (Germany) for the acquisition of radio reconnaissance systems, and an Dhs766 million contract with 'Nexter' (France) for the supply of spare parts, repair, and technical support for Leclerc tanks. A deal was also signed with the Swedish company ' SAAB 'to provide maintenance services for G6000 SRSS early warning aircraft, worth Dhs753 million. Additionally, a contract was made with the American company 'Lockheed Martin' for technical support services and the supply of spare parts for Black Hawk helicopters, valued at Dhs764.6 million. Majid Ahmed Al Jaberi reaffirmed Tawazun Council's commitment to maintaining the highest quality standards in the defence industry and prioritising strategic acquisitions. He emphasised the Council's role in securing cutting-edge defence solutions and implementing best global procurement practices, ensuring the UAE's defence sector remains globally competitive and future-oriented.

IDEX and NAVDEX conclude with total of Dhs25.15b in deals in Abu Dhabi
IDEX and NAVDEX conclude with total of Dhs25.15b in deals in Abu Dhabi

Gulf Today

time21-02-2025

  • Business
  • Gulf Today

IDEX and NAVDEX conclude with total of Dhs25.15b in deals in Abu Dhabi

Tawazun Council announced 15 deals valued at Dhs1.43 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 Dhs25.15 billion, marking a 10% growth compared to the 2023 edition. The total contracts signed amounted to Dhs3.97 billion on the first day, Dhs5.80 billion on the second day, Dhs10.18 billion on the third day, and Dhs3.77 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 Defence at the exhibitions. 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 Dhs766.3 million. Among them were three contracts with "International Golden Group': the first for purchasing ammunition valued at Dhs145.3 million, the second for renewing licenses and programs for the Electronic Medical File System (HIS) infrastructure, worth Dhs180 million, and the third for purchasing military uniforms and equipment valued at Dhs136.8 million. Other notable local deals included contracts with "Al Jaber Land Systems' for the provision of support services and spare parts for trailers worth Dhs28 million, "Itqan AL Khaleej Computers' for the development of infrastructure for the Ministry of Defence's " Sheryan" system valued at Dhs74.1 million, and "Al Taif' for maintenance services of air defence systems worth Dhs29 million. A contract was awarded to "e-Marine' for maintenance and repair services of submarine cables for the Sharyan Network project, valued at Dhs30 million. Additionally, an Dhs25 million contract was signed with "Trans Orient' for technical support services for Armed Forces vehicles. Another agreement, worth Dhs22.5 million, was secured with "Al Aberah Electrical' Works to provide technical support. Furthermore, "Fast Marine' was contracted to supply inspection boats for Dhs68.8 million, while the final deal involved "Etimad Strategic Security Solutions,' which secured an Dhs26.8 million contract for the purchase of a specialised 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 Dhs661.6 million. These included a contract with US-based "Lockheed Martin" for the alignment of new Sidewinder missiles, valued at Dhs429.4 million, and a contract with US-based' INSITU "for maintenance, repair, and sustainment services for drone systems, valued at Dhs55.1 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 AED23.6 million. Additionally, a contract was signed with South Africa's "GEW Technologies" for the purchase of a wireless jamming system worth AED153.5 million. Majed Ahmed Al Jabri emphasised that the success of IDEX and NAVDEX 2025 highlights the UAE's prominent position as a global leader in the defence industry. He added that the increased confidence in the UAE's defence 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 Defence, 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.'

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