The UAE’s Tawazun Council has announced signing of nine deals with local and international companies on the opening day of the Dubai Airshow 2023.
The independent government entity, which works closely with the Ministry of Defence and security agencies to maximise value through acquisition systems, values the deals at AED4.7bn ($1.3bn)
The announcement was made in the presence of Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi, the official spokespersons of Tawazun Council.
UAE military spending at Dubai Airshow 2023
Al Meraikhi said that FOUR contracts were signed by Tawazun Council on behalf of the Ministry of Defence with local companies, totalling AED2.7bn ($735m), including:
- A contract with “Halcon” to procure ammunitions valued at AED2.14bn ($583m)
- A contract with “International Golden Group” to provide technical support for aircraft valued at AED338m ($92m)
- A contract with “International Golden Group” for the purchase of engines and parts for aircraft valued at AED13m ($3.5m)
- A contract with “Air Dynamics Solutions” to provide technical support and purchase of spare parts and repair of aircrafts valued at AED20m ($5.4m)
Al Jaberi announced the contracts Tawazun Council has signed with international companies included five deals totalling AED2bn ($545m).
They include an AED1.62bn ($441m) contract with Chinese company “CATIC” to procure an Air Show Aircraft and its Accessories; an AED326m ($89mm) contract with “Thales LAS France SAS”, a French company, for the purchase of Detection Radars; and an AED3.5m ($953,000) contract with US company “IOMAX” to provide technical support for armament systems and purchase of spare parts, maintenance and repair work for aircraft.
A contract was signed with Chinese company “Poly Technologies” at value of AED23m ($6.3m) to provide Technical Support Contract for Aircraft Systems, while the last deal was signed with Greek company “Sielman Defence Manufacturing Maintenance” to provide technical support, repair and maintenance for the Hawk Air Defence System.
Al Jaberi said the Dubai Airshow is an important strategic event in the aviation sector and its specialised industries, and is poised to bolster efforts in advanced solutions and technologies.
The show aims to broaden the scope of exploring opportunities and to identify optimal investment prospects to support the knowledge-based national economy and sustainable development.
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