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Dh11.6 billion worth of deals signed on first two days of Dubai Airshow 2023

Dh11.6 billion worth of deals signed on first two days of Dubai Airshow 2023
14 Nov 2023 19:44

Tawazun Council, the independent government entity that works closely with the Ministry of Defense and security agencies to maximise value through acquisition systems, announced signing of 11 deals, worth Dh6.9 billion, with local and international companies on the second day of the Dubai Airshow 2023.

The cumulative value of deals signed for first two days at Dubai Airshow 2023 is now 20 deals for Dh11.6 billion.The announcement was made during a press conference held by Tawazun Council’s official spokespersons, Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi.

Zayed Saeed Al Meraikhi said the number of contracts signed today by Tawazun Council, on behalf of the Ministry of Defense, with local companies, has reached eight, totaling Dh4.9 billion in value.

The biggest contract- worth Dh3.3 billion - was awarded to "Black Diamond” company, to procure an air defense system.

The second largest local contract, worth Dh738 million, was signed Advanced Integrated Systems for the provision of aircraft maintenance services.A contract worth Dh588 million was signed with Edge’s Earth Company for the Purchase of ammunition.

Other announced deals with local companies included a contract worth Dh177 million with "Trust International Group” to procure UAV systems, and Dh77.5 million contract with "Global Air Navigation Services " to procure aircraft braking system.

Additionally, an Dh29 million contract was signed with "Al Taif”, an EDGE company, to provide Technical Support for cooling devices and power generators for systems.

A contract was signed with "Emirates Aviation Supply Center” for Providing Technical Support for systems, radars, command, control and communications with a value of Dh8 million.

The last deal was with "ADB Safegate Gulf” company at total value of Dh2.7 million to procure monitoring and control panel for the aircraft system.Also announced today were 3 international contracts at a total value of Dh2 billion.

There were an Dh1.4 billion contract with the U.S. company "Raytheon”, to Purchase ammunitions, and an Dh210 million contract with the Italian company "Leonardo S.p.A” for the provision of aircraft maintenance services. The last deal was signed with the Chinese company "CATIC” to procure ammunitions at total value Dh438 million.

Al Jaberi affirmed the Council's commitment to enhancing collaboration between major aerospace companies, both locally and globally. '

'The goal is to achieve sustainable progress and development through partnerships and the exchange of expertise. This approach aims to empower industrial capabilities to keep pace with the rapid technological advancements in the aerospace sector." 



Source: WAM
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