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Mid East Info
21-02-2025
- 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.
Gulf Today
21-02-2025
- 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.
Zawya
21-02-2025
- Business
- Zawya
Total deals at IDEX and NAVDEX 2025 reach $6.46bln in four days
ABU DHABI - 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 AED3.77 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 AED23.72 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 AED1.25 billion. These deals included a contract with' International Golden Group' for ammunition supply worth AED488 million, an agreement with 'AM Industries' to procure Shooting range targets valued at AED4.54 million, and a deal with 'Bayanat' for the implementation and development of the (Tarjama) program for AED6 million. Additional local contracts included an agreement with 'Emirates Motor Company' for maintenance, repair, and spare parts supply services worth AED10 million, an AED22.5 million contract with 'Itqan AL Khaleej Computers' for technical support services, and an AED233 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 AED487.7 million. Mohammed Saif Al Zaabi highlighted that the 5 international contracts for the fourth day totaled AED 2.51 billion. These included an AED219.1 million agreement with 'Leonardo' (Italy) for the procurement of Agusta AW-139 helicopters, an AED10.8 million deal with 'Rohde & Schwarz' (Germany) for the acquisition of radio reconnaissance systems, and an AED766 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 AED753 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 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.
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.
