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Day 4: UAE announces $931million in defence contracts at Idex

February 22, 2017 5:44 pm

Sheikh Mohammed bin Rashid Al Maktoum (C), prime minister and vice president of the United Arab Emirates and ruler of Dubai, visits the International Defence Exhibition and Conference (IDEX) in Abu Dhabi February 22, 2015. The event, which aims to showcase the latest technology in defence, runs from from February 22 to 26. REUTERS

The United Arab Emirates (UAE) announced 3.42 billion dirhams ($931 million) in defence procurement contracts on Wednesday, the fourth day of the biennial International Defence Exhibition (Idex) in Abu Dhabi.

The UAE Armed Forces have awarded around 18.8 billion dirhams in contracts during the first four days of the event, Reuters calculations show.

Wednesday’s contracts with local and international firms included a 1.29 billion dirham deal awarded to missile maker Raytheon Co, Idex spokesman Rashid Al Shamsi told reporters.

The region’s largest defence show where more than 1,200 companies are participating closes on Thursday.

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