AED 8.14b worth of total deals signed on second day of IDEX and NAVDEX 2023

ABU DHABI, UAE, 21 February 2023– Tawazun Council – the independent government entity that works closely with the Ministry of Defense, security agencies and Abu Dhabi Police, to maximize value through acquisition systems – announced signing 12 deals, worth AED 8.14 billion, with local and international companies on the second day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2023.

The cumulative value of deals signed at IDEX and NAVDEX 2023 is now AED 12.64 billion.

The announcement was made during a press conference held by Tawazun Council’s official spokesmen Majed Ahmed Al Jaberi and Zayed Saeed Al Meraikhi.

Zayed Saeed Al Meraikhi said: “The number of contracts signed with local companies has reached 8, with a total value of AED 7.6 billion, while the number of contracts signed with international companies has reached 4, with a total value of AED 543 million.

The biggest contract- worth AED 4.7 billion, was awarded to Halcon, a subsidiary of Edge Group to procure Desert Sting P5 system. Also signed with Halcon is an AED 1.1 billion contract to procure Hunter systems.

A contract worth AED 1.33 billion was signed with ADASI, a subsidiary of Edge Group, to procure Shadow system.

Other announced deals with local companies included two contracts with Trust International Group, the first, worth AED 179 million to procure Minimi machine gun and the second, worth AED 20 million to procure 7.62 mm machine gun.

An AED 175 million contract was signed with ADSB, a subsidiary of Edge Group, to procure rescue boats and an AED 40 million contract with International Golden Group to procure telecom systems.

Also signed is an AED 20 million contract with Marakeb to develop Golden Unit of multi-mission unmanned boat.

Announcing the second day’s deals with international companies, Al Jaberi said: “Tawazun Council is a government entity that works closely with the Ministry of Defense, the security agencies and the Abu Dhabi Police – is pleased to announce the contracts that were signed/ on behalf of the Ministry of Defense on the second day of IDEX and NAVDEX 2023.”

The international contracts announced today included two with France’s Thales Six, one is worth AED 316 million to develop and support ground station radio and the other is an AED 159 million contract to procure CMS systems.

The other two signed contracts were an AED 57 million contract with the German company Rheinmetall, to provide technical support for engagement simulation and an AED 11 million contract with the US company Harris International to procure telecom systems and intercom units.