Industry UAE defence ministry signs $264m deals By Pramod Kumar January 24, 2024, 4:32 AM Wam Tawazun Council and UAE government officials address a press conference on the first day of Umex & Simtex 2024 Tawazun Council, the UAE defence and security acquisitions authority, has signed five deals with local and international companies, amounting to AED971 million ($264.4 million). During the initial day of the Umex Simtex 2024 conference, the total value of agreements with three local companies reached AED 899 million. GCC can emerge as ‘Middle Powers’ in second Cold War US robot maker in talks over Abu Dhabi factory UAE’s Edge buys 52% stake in Swiss UAV maker Among these, Resource Industries secured a contract for anti-drone guns valued at AED10 million, while International Golden Group signed a deal worth AED874 million to acquire UAV systems, offering support services and training for a five-year duration. Additionally, an AED 16 million contract was signed with Star Satellite Communications Company (Yahsat) for communication bands, totaling AED16 million. Two international contracts totaling AED72 million were also part of the agreements. Canadian Aviation Electronics secured a contract worth AED49 million for simulator support services at the training center. A contract with the Chinese company CETC International, valued at AED 23 million, was signed to purchase anti-drone systems. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
