Money and business

25.15 billion dirhams a total value of 55 deals in “IDEX and Wafdex 2025”

The Balance Council announced the conclusion of 15 transactions worth 1.43 billion dirhams with local and international companies on the closing day of the “IDEX and Nafdex 2025” exhibitions, bringing the total deals concluded within five days of the exhibition to 55 deals, with a total value of 25.15 billion dirhams, with a growth of 10% compared to The previous version in 2023.

The first day deals amounted to 3.97 billion dirhams, the second day deals, 5.80 billion dirhams, the third day deals, 10.18 billion dirhams, and the fourth day deals 3.77 billion dirhams.

This came during the press conference held in the presence of Majid Ahmed Al -Jabri, Muhammad Saif Al -Zaabi, and Mahra Bilal Al -Dhaheri, the official speakers of the Balance Council, to announce the deals of IDEX and Nafdex for the benefit of the Ministry of Defense and security agencies in the UAE.

Mahra Bilal Al Dhaheri explained that the total local deals for the fifth and final day of the “IDEX and Nafdex 2025” exhibitions amounted to 11 deals worth 766.3 million dirhams, where 3 deals were concluded with “International Golden Group”, and the contract came in the first deal to buy ammunition at a value of 145.3 million dirhams While the second contract was made to renew licenses, programs, development and maintenance of the structure The infrastructure for the electronic file system project (HIS) is worth 180 million dirhams, while the third contract included the purchase of clothes and military tasks at a value of 136.8 million dirhams.

Infrastructure development

Local deals also included contracting with the “Al -Jaber Land Systems” company to provide support services, supply spare parts and repair trailers of all kinds, at a value of 28 million dirhams, contracting with “Gulf Mind Computer” company to develop the infrastructure of the Ministry of Defense Units to serve the artery of 74.1 million dirhams, and contract with Al -Taif Company to provide maintenance services for cooling devices and generators for air defense systems of 29 million Dirham, and contracting with “E -Marin” company to provide maintenance services and repair marine cables for the artery network project worth 30 million dirhams.

Also contracted with the company “through the East to trade truck and heavy equipment spare parts” to provide technical support services for the mechanisms of the armed forces at a value Inspection boats worth 68.8 million dirham At a value of 26.8 million dirhams.

Mohamed Saif Al -Zaabi pointed out that the total international deals for the fifth day of the “IDEX and Navdex 2025” exhibitions amounted to 4 deals with a total value of 661.6 million dirhams, which included contracting with the American company “Lockheed Martin” to conquer the new Sidonnder missiles with a value of 429.4 million, and to contract with “Insto” American to provide maintenance and repair services and to perpetuate the aircraft systems for a value 55.1 million dirhams, contracting with the French company “Safran Hilkopter Ingenis” to provide technical and engineering support services and provide spare parts for aircraft engines of 23.6 million dirhams, and contract with “GEW Technologies” from South Africa to buy a wireless jamming system of 153.5 million dirhams.

A pioneering global center in the defense industries sector

Majid Ahmed Al -Jabri stressed that the great success witnessed by the “IDEX and Nafdex 2025” exhibitions, reflects the distinguished position of the UAE as a leading global center in the defense industries sector, where the two exhibitions witnessed the announcement of the Balance Council, the authority responsible for acquisition and purchasing operations in favor of the Ministry of Defense and the security authorities in the country, The conclusion of specific deals that reflect its commitment to enhance the capabilities of the defense and security industries sector in the country The UAE.

He also stressed, with the conclusion of the seventeenth session of the International Defense Exhibition “IDEX” and the eighth session with the Maritime Defense Exhibition “Navx”, the role of the Balance Council in achieving its goals of enhancing value through the application of strategies that ensure adoption of best practices in the acquisition and purchasing policy And, in close cooperation with the strategic partner, the Ministry of Defense, in line with the UAE’s vision towards building an advanced defensive sector directed towards the future.

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