IDEX: UAE signs deals worth nearly AED 5 billion on day one

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