UMEX and SimTEX see deals worth over AED 740 million

WAM

The UAE Armed Forces signed deals worth over AED 740 million since the opening of the Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX) 2020 in Abu Dhabi.

There were 11 new deals signed on Tuesday with the total value exceeding AED 124 million. 

"The total foreign contract deals on the third day reached AED 3 million, while the total number of local contracts deals amounted to over AED 121 million," said Staff Brigadier Pilot Tareq Mohammed Al Bannai, spokesperson of UMEX and SimTEX 2020 exhibitions. 

He confirmed that a contract was signed with "State Foreign Trade Enterprises" (Ukraine) to provide technical assistance for drones at a value of AED 3,041,244 and "International Golden Group" to purchase drones worth AED 33,352,936, and Al Fattan Shipbuilding Company to purchase maritime targets on behalf of the General Headquarters, GHQ, of the UAE Armed Forces at a value AED 18,183,830.

Al Bannai added that "Ahmed Al Mazrouei Metal Industries" Company has been contracted to purchase electronic systems and land targets for the General Headquarters, GHQ, of the UAE Armed Forces at a value of AED 20,273,030, Microsoft Gulf for the Ministry of Interior with a value of AED 1,733,632 and technology projects solutions company for the Ministry of Interior with a value of AED 1,498,750.

He pointed out that the Emirates Photography and Marketing Company was contracted on behalf of the Ministry of Interior at a value of AED 31,287,995 and the Emirates Alliance for Technical Solutions for the Ministry of Interior with a value of AED 1,547,022, Gulf Business Machines for the Ministry of Interior with a value of AED 4,640,000 and AGI 4S for security solutions on behalf of the Ministry of Interior, with a value of AED 7,064,620 and for the Emirates Fire and Rescue Company, on behalf of the Ministry of Interior, for a value of AED 1,496,000.

Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the fourth edition of the event drew 25,981 visitors.

More from Business News

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

On Virgin Radio today

Trending on Virgin Radio