The UAE’s military spending at IDEX 2023 and Navdex 2023 has reached $5.8bn in four days.
Tawazun Council announced ten deals, worth AED2.7bn ($735m), with local and international companies on behalf of the Ministry of Defence on day three of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2023.
UAE military spending
The announcement was made by Tawazun Council’s official spokesmen, Majed Ahmed Al Jaberi and Zayed Saeed Al Meraikhi and Saeed Al Mansoori, CEO of Capital Events, a subsidiary of ADNEC Group.
Zayed Al Meraikhi said, “Tawazun Council, the UAE defence and security acquisitions authority for the Ministry of Defence, UAE Armed Forces, Security Agencies and Abu Dhabi Police, is pleased to announce the contracts that were signed on behalf of the Ministry of Defence on the fourth day of IDEX and NAVDEX 2023.”
Tawazun Council signed 10 contracts with a total value of AED2.7bn on day four of the events. This included six contracts with local companies, with a total value of AED1.2bn, and four contracts signed with international companies with a total value of AED1.5bn.
The biggest local contract, worth AED902m, was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system and in-country services.
Another contract, worth AED91m, was signed with Edge Group’s subsidiary Earth to supply thermal camera equipment.
A contract worth AED53m was signed with Tamalex International to provide vehicle technical support, maintenance and spare part supply services.
Three more contracts were signed with International Golden Group. A contract worth AED65m to procure thermo-camera and thermoscope, a contract worth AED21m to provide technical support services for SAP system, and a contract worth AED24m to provide vessels’ communication system with technical support services and logistic services.
Announcing the fourth day’s deals with international companies, Al Jaberi said, “The council seeks to maximise value for money through innovative budgeting and acquisition systems, sustain technology and innovation to support national industry needs, secure defence and security industry through robust regulations and accelerate ecosystem growth by nationalising key acquisitions and capabilities, driving local content and creating in-country value.”
The international contracts announced on day four of the events included a AED1.26bn contract with France’s MBDA to procure MICA missiles and a contract worth AED36m with Italy’s Leonardo to procure C4I systems’ spare parts.
Also signed was a AED79m contract with the US company Harris International to provide technical support and training services on C4I systems, and a contract worth AED165m with US Kaman Precision Products to procure ammunition fuzes.
Saeed Al Mansoori, CEO of Capital Events, an ADNEC Group subsidiary, announced the conclusion of the IDEX Next Gen Award at IDEX and NAVDEX 2023, which was participated by 34 start-ups from 52 countries.
He credited IDEX’s success to the unwavering support of its partners, including the Ministry of Defence and Tawazun Council.
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