UAE expects to award $5.4bn deals at Idex

A picture taken on February 19, 2017 shows a general view of visitors walking in a showroom displaying armoured military vehicles during the opening of the International Defence Exhibition and Conference (IDEX) in the Emirati capital Abu Dhabi. (KARIM SAHIB/AFP/Getty Images)

The UAE awarded 4.5 billion dirhams ($1.2 billion) in military procurement deals on Sunday, part of a total of 20 billion dirhams worth of purchases it expects to make at an arms fair this week, a spokesman for the expo said.

The deals awarded to local and international companies on Sunday included a 2 billion dirham award to the UAE's NIMR Automotive, part of Tawazun Holdings, for the supply of 400 armoured vehicles to the UAE Armed Forces, Rashid al Shamsi, a spokesman for the International Defence Exhibition (Idex), said.

"We expect (to award) more than 20 billion dirhams in contracts by the end of Idex," he said.

Over 1,200 companies are participating at Idex, the region's largest defence expo.

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