$1.1bn in defence deals announced on day 3 of UAE expo

More than 1,200 companies are participating at the biennial International Defence Exhibition in Abu Dhabi
$1.1bn in defence deals announced on day 3 of UAE expo
Emirati armed forces show their skills during a military show at the opening of the International Defence Exhibition and Conference (IDEX) in the Emirati capital Abu Dhabi on February 19, 2017. (KARIM SAHIB/AFP/Getty Images)
By Reuters
Tue 21 Feb 2017 05:51 PM

The UAE announced 4.07 billion dirhams ($1.11 billion) in defence procurement contracts on Tuesday, the third day of the biennial International Defence Exhibition (Idex) in Abu Dhabi.

The UAE Armed Forces have awarded around 15.4 billion dirhams in contracts in the event's first three days, Reuters calculations show.

Idex spokesman Rashid al-Shamsi told reporters he expected contracts worth 18 billion dirhams to be awarded at the event, where more than 1,200 companies are participating.

The region's largest defence show closes on Thursday.

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