The UAE Armed Forces awarded AED 4.97 billion in contracts on the first day of the International Defence Exhibition and Conference (IDEX) in Abu Dhabi on Sunday.
As many as 33 deals were signed, with the bulk of them going to local companies.
The contracts included the purchase of missiles, radar systems as well as ammunition and accessories.
Organisers are expecting more deals worth billions of dirhams to be announced in the coming days.
The largest edition of the International Defense Exhibition #IDEX 2019 (@IDEX_UAE) kicked-off yesterday in #AbuDhabi, held across 168,000SQM at #ADNEC with the participation of 1,310 national and international companies pic.twitter.com/FxRR8KFBja
— ADNEC Group (@ADNECGroup) February 18, 2019
Oil prices surge to highest since 2022 at over $119 a barrel
HSBC CEO says confidence in GCC remains despite regional developments
Silal, National Agricultural Centre partner to boost UAE food security
No decision yet on G7 releasing oil stocks, France's Lescure says
