IDEX 2013 Concludes With $4.1b Deals

Gulf News27.02.2013 UAE
IDEX 2013 Concludes With $4.1b Deals

IDEX 2013 Concludes With $4.1b Deals

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The curtain came down on the 11th International Defense Exhibition (IDEX 2013), and the second Naval Defense Exhibition (NAVDEX) as well as the Gulf Defense Conference on Thursday 21 February 2013, with the United Arab Emirates (UAE) committing Dh14.1 billion in defense orders.


Overall, the event came to a close on strong positive feedback from exhibitors with more than 50% committing to return to the show in 2015.

Major General Obaid Al Ketbi , IDEX spokesperson, said that 2013 had been a landmark with the number of exhibitors and a record in the number of visitors.

“The number of exhibitors soared to 1,112 companies from 59 countries and the number of visitors increased to more than 80,000. The number of visitors was expected and we have already started preparing for IDEX 2015,” said Major General Al Ketbi.

Participants and organizers hailed the event as a huge success. “With regard to the number of exhibitors, official delegations and defense deals, this year had been a landmark. This is the feedback from the exhibitors and the companies taking part in the show,’ said Al Ketbi.

IDEX is one of the major military exhibitions at the international level and is the biggest military expo at the regional level that showcases emerging technology, equipment, trends and strategy.

IDEX 2013 was held under the patronage of the President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, on February 17 through February 21, 2013, and was officially opened by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

“What was also unique this year was NAVDEX with its second edition that’s being held in parallel, at the ADNEC Marina and connected via a pedestrian bridge to the main exhibition venue,” he said.

The UAE had a significant presence at IDEX 2013 with 174 exhibitors.

The deals during this exhibition amounted to Dh14.1 ($4.1 billion) through 55 deals. On Tuesday 19 February, deals worth Dh4.9 billion were signed between the UAE Armed Forces and various companies, both local and foreign. On Monday 18 February contracts for purchase of drones, missiles and military vehicles worth a total of Dh5.2 billion were signed at IDEX.

The largest of the contracts announced is worth Dh1.9 billion, signed with the Advanced Military Maintenance Repair and Overhaul Centre (AMMROC) which will provide aircraft management, maintenance and repair services to the UAE Armed Forces, according to Al Ketbi.

The second largest deal, worth Dh1.4 billion, was for 750 mine-resistant, ambush-protected, all-terrain vehicles from Oshkosh Corp. The third largest contract worth Dh829 million was signed with the UAE’s Caracal Light Ammunition which will supply UAE-made ammunition of different types and calibers.

Source: Gulf News

 



 
 

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