Monday 19 April 2021

UAE Armed Forces signs $5.7bn deals at IDEX, Navdex

ABU DHABI, February 25, 2021

The UAE Armed Forces signed AED20.957 billion ($5.7 billion) worth of deals during the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (Navdex) that concluded their exceptional 15th edition on Thursday (Feb 25) in Abu Dhabi.
The five-day events have seen extensive local and international participation. The central success of the events lies in that it was the first global defence event to take place in the post pandemic recovery stage, with 62,445 attendees at the venue across five days. 
Nearly 900 exhibitors, 59 countries, and 35 international pavilions participated in IDEX and Navdex 2021, alongside five countries participating in the exhibitions for the first time: Israel, North Macedonia, Luxembourg, Portugal, and Azerbaijan.
Five deals with international companies and 15 with local companies were inked on the final day of the exhibitions, at a value of AED904.2 million ($246.2 million). 
The Higher Organising Committee for the exhibitions  announced the conclusion of the two exhibitions during a press conference held at the Abu Dhabi National Exhibition Center, in the presence of Major General Pilot Faris Khalaf Al Mazrouei, Commander-in-Chief of Abu Dhabi Police, Chairman of the Higher Organizing Committee for IDEX and Navdex exhibitions, and Major General Staff Pilot Ishaq Saleh Muhammad Al Balushi, Assistant Undersecretary for Industries and Development of Defense Capabilities at the Ministry of Defense, Vice Chairman of the Supreme Committee, and Humaid Matar Al Dhaheri, Managing Director and CEO of Abu Dhabi National Exhibitions Company (Adnec) and its group of companies.
Commenting on the conclusion of the exhibitions, Al Mazrouei said: “The 15th edition of the IDEX and Navdex exhibitions has been nothing short of exceptional. These events continue to strengthen their global position, providing exhibitors and participants from around the world with an integrated global platform, in spite of the challenges imposed by the Covid-19 pandemic. IDEX and Navdex drive and enable innovation, in line with the rapid development of the fourth industrial revolution.
“The success of these exhibitions has been rooted in the stalwart and visionary support of our wise leadership. Their confidence in our ability to host the world, here in Abu Dhabi, has been critical to the wider realisation of this edition.
“Today marks a new chapter in pre-eminence. 2021 is the Golden Jubilee Year is the Golden Jubilee of the foundation of the United Arab Emirates. That union has enabled our nation to cultivate and expand our defence infrastructure and technological systems, using them to ensure security and peace across the Middle East.
“The foremost achievement of this edition of the exhibitions was the stringent and rigorous implementation of all precautionary measures across Adnce, preserving the health and safety of all participants, exhibitors, and visitors. IDEX and Navdex 2021 enabled the return of the national business tourism sector, alongside continuing to support the UAE’s defence industry. These exhibitions ensure that UAE products are globally competitively, both meeting the needs of the nation alongside reaching new markets.” - TradeArabia News Service


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