UAE-based Tawazun Council has signed 10 deals worth AED2.7 billion ($735 million) on the fourth day (February 23) with local and international companies on behalf of the Ministry of Defense at the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2023.

 

This takes the cumulative value of the deals Tawazun Council signed on behalf of the Ministry of Defense and Abu Dhabi Police so far to AED21.14 billion for 44 deals.

 

The announcement was made during a press conference held by Tawazun Council’s official spokesmen Majed Ahmed Al Jaberi, Zayed Saeed Al Meraikhi and Saeed Al Mansoori, CEO of Capital Events, a subsidiary of ADNEC Group.

 

Al Meraikhi said: "Today, Tawazun Council - the UAE defense and security acquisitions authority for the Ministry of Defense, UAE Armed Forces, Security Agencies and Abu Dhabi Police is pleased to announce the contracts that was signed/ on behalf of the Ministry of Defense on the fourth day of IDEX and NAVDEX 2023."

 

"The total number of contracts Tawazun Council signed today on behalf of the Ministry of Defense were 10 contracts with a total value of AED2.7 billion. They include 6 contracts with local companies, with a total value of AED1.2 billion, and 4 contracts signed with international companies with a total value of AED1.5 billion," he stated.

 

The biggest local contract- worth AED902 million, was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system and in-country services. 

 

Another contract, worth AED91 million, was signed with Edge Group’s subsidiary Earth to supply gun’s thermal camera.

 

A contract worth AED53 million was signed with Tamalex International to provide vehicle’s technical support, maintenance and spare part supply services.

 

Three more contracts were signed with International Golden Group. A contract worth AED65 million to procure theramo-camera and thermoscope, a contract worth AED21 million to provide technical support services for SAP system and a contract worth AED24 million 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 maximize value for money through innovative budgeting and acquisition systems, sustain technology and innovation to support national industry needs, secure defense and security industry through robust regulations and accelerate ecosystem growth by nationalizing key acquisitions and capabilities, driving local content and creating in-country value.”

 

The international contracts announced today included an AED1.26 billion contract with France’s MBDA to procure MICA missiles and a contract worth AED36 million with Italy’s Leonardo to procure C4I systems’ spare parts.

 

Also signed was an AED79 million contract with the US company Harris International to provide technical support and training services on C4I systems and a contract worth AED165 million 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 & NAVDEX 2023, which also attracted 34 startups from 52 countries.

 

He credited IDEX's success to the unwavering support of its partners, including the Ministry of Defense and Tawazun Council.-TradeArabia News Service