ABU DHABI, 24th February, 2017 -- The 13th edition of the International Defence Exhibition and Conference, IDEX and fourth Naval Defence Exhibition, Navdex, concluded with a cumulative of 90 deals worth over AED 19 billion signed to buy arms and defence systems for the UAE Armed Forces.
Raytheon achieved the highest record with three defense contracts for AED 2.736 billion which constituted 14.14 % out of 19.35 Billion AED contracts signed. Rosoboronexport came second (13,46%) in signing the largest single defense contract to sell UAE 5000 anti-armour missiles. Third came Tawazun Operation (12.55%) with a contract value AED 2.4 billion for Armour Mechanisms (8X8). The largest non-defense contract was signed with a UAE based company Maximus Air, nearly AED1.8 billion (9.3%) to buy air cargo planes for commercial use.
UAE Armed forces followed a balanced approach to boost UAE defense industry and to support local companies representing major international defence industry. 57.03% of the contracts signed were for local UAE companies versus 42.87% for international companies. Emirates Defence Industries Company susbisdaries’ contracts achieved Altogether the highest value of AED 3.93 billion (20.33%) , and came second International Golden Group IGG with 5.48% share.
Compared to Eurosatory, IDEX received One thousand two hundred exhibitors (vs 1571 for Eurosatory) and set the record for 101,000 visitors from across the globe, twice the number of visitors to the 2016 Eurosatory edition (57 024 visitors). in Sum, IDEX organizers achieved in making the exhibition as one of the major events for the defense and security sector.