UAE awards Dhs7bn of military contracts on day two of IDEX

The United Arab Emirates on Monday awarded Dhs7bn ($1.9bn) of military procurement deals including a Dhs2.6bn contract for Russia’s Rosoboronexport, the spokesman for the IDEX military exhibition said.

Rosoboronexport will supply 5,000 anti-armour missiles plus training and support to the UAE armed forces, Rashid al Shamsi said.

Sweden’s SAAB AB won a contract for Dhs865.7m to provide new airborne surveillance systems and spares, while UAE firm Maximus Air was awarded a Dhs1.8bn contract to supply air cargo planes.

On Sunday, the UAE awarded Dhs4.5bn worth of contracts. IDEX, the region’s largest military show, began on Sunday and will end on Thursday. Over 1,200 companies are participating.

Also read: UAE expects to award Dhs20bn deals at IDEX