Middle-east Arab News Opinion | Asharq Al-awsat

IDEX, NAVDEX Conclude with 90 Arms Deals | ASHARQ AL-AWSAT English Archive 2005 -2017
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Munitions are on display during the International Defence Exhibition and Conference (IDEX) in Abu Dhabi, United Arab Emirates February 19, 2017. REUTERS/Stringer

Abu Dhabi – The 13th edition of the International Defense Exhibition and Conference, IDEX and the fourth Naval Defense Exhibition, NAVDEX, concluded on Thursday with a cumulative of 90 deals worth over AED19.1 billion signed to buy arms and defense systems for the UAE Armed Forces.

The first day of IDEX and NAVDEX resulted in 21 contracts worth more than AED4.4 billion. On day two, 10 new deals worth more than AED6.9 billion were signed, followed by 31 new deals worth more than AED4 billion on the third day. The fourth day was concluded by 20 AED3.4-billion-worth contracts and the final day witnessed sealing eight deals worth AED344 million.

The organizing committee announced that this year’s edition has broken the record in terms of exhibitors, companies and national and international delegations. More than 1,235 exhibitors from all over the world participated in addition to a huge attendance by prominent figures and decision-makers.

The exhibition activities included live unique presentations similar to military scenarios in the main runway in addition to showcasing the capabilities of defense equipment and tools plus military troops’ parades.

Group CEO of Abu Dhabi National Exhibition Company (ADNEC) Humaid Matar Al Dhaheri stated that the exhibition has contributed to reinforcing UAE’s position in the defense industry field, in addition to supporting Emirati industries in this vital and major sector.

Dhaheri expressed delight over the success of IDEX and NAVDEX thanks to the huge interaction and unprecedented participation of the private and public sectors’ institutions as well as local and international companies in a way that reflects the increasing importance of these two exhibitions.

He also stressed that this success reinforces the position of Abu Dhabi as a capital for business tourism in the Middle East.