IDEX: UAE signs deals worth nearly AED 5 billion on day one

@ADNECGroup/ Twitter

The UAE Armed Forces awarded AED 4.97 billion in contracts on the first day of the International Defence Exhibition and Conference (IDEX) in Abu Dhabi on Sunday.

As many as 33 deals were signed, with the bulk of them going to local companies.

The contracts included the purchase of missiles, radar systems as well as ammunition and accessories.

Organisers are expecting more deals worth billions of dirhams to be announced in the coming days.

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