Dhs21.6 billion worth of deals signed on first four days of Dubai Airshow 2023 - GulfToday

Dhs21.6 billion worth of deals signed on first four days of Dubai Airshow 2023


A man boards an Embraer E195-E2 jet nicknamed the "Profit Hunter" at the Dubai Air Show on Thursday. AP

Tawazun Council, the independent government entity that works closely with the Ministry of Defence in the UAE, today signed 16 deals, worth Dhs4.87 billion, with local and international companies on behalf of the Ministry of Defence on the fourth day of the Dubai Airshow 2023.

This brings the total value of the deals Tawazun Council signed on behalf of the Ministry of Defence so far to Dhs21.6 billion for 44 deals.

The first day saw announcement of contracts worth Dhs4.7 billion and the second day Dhs6.9 billion. The total value of contracts announced on third day stood at Dhs5.1 billion. The announcement was made during a press conference held by Tawazun Council’s official Spokesmen Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi.

Zayed Saeed Al Meraikhi said that the number of contracts signed by Tawazun Council on behalf of the Ministry of Defence with local companies reached 9 contracts, totalling Dhs3.8 billion on the fourth day of Dubai Airshow 2023. A contract worth Dhs1.3 billion was awarded to "International Golden Group” to procure Air Defence System. A contract worth Dhs105 million was signed with Abu Dhabi Airports to provide Services at Al Ain International Airport.

Other announced deals with local companies included a contract with "AL Sahraa Freight Transport and Logistics” company worth Dhs8 million to procure Spare Parts, Repair and Maintenance for Airports Ground Systems and Equipment, and a contract with "AAL Group” to provide Maintenance Services for Helicopters at a value of Dhs42 million.

Three contracts were signed with "GAL”, the first one is to provide Maintenance Services for Helicopters for Dhs266 million, and the second to provide Specialists to Support Aviation Systems for Dhs96.8 million, while the third one was to procure Spare Parts for Aircraft for Dhs1.6 billion.

An Dhs178 million contract signed with "Barij Munitions” an Edge company, to procure Ammunition. The last deal was with "ADASI,” an Edge company at a value of Dhs239 million to procure helicopters.

The international contracts announced today by Majed Al Jaberi included 7 contracts at a total value of Dhs1.07 billion.

The first contract was signed with the American company "Lockheed Martin Global” to procure Spare Parts for Communication Systems, at a total value Dhs367 million. An Dhs7.3 million contract awarded to the American company "Environmental Tectonics Corporation” to procure Spare Parts and Materials for Aviation Medical Devices.

A contract signed with the Swedish company "SAAB” to provide Aircraft Maintenance Services for Dhs185 million. While two signed contracts with the French company "Thales,” the first one is to develop the Communication System for Dhs318 million and the second for Modernisation and Development of Sonar Systems worth Dhs66 million.

A contract with the Italian company "Agustawestland Aviation Services" to provide Spare Parts and Repair for Aircraft for Dhs50 million. The last contact was for the French company "Dassault Aviation” for Dhs78.6 million.

Al Jaberi emphasised the crucial role of the Tawazun Council in ensuring quality in the aerospace and defence (A&D) industry. The focus is on setting priorities through the implementation of strategies that guarantee continuous development and access to the latest products and technological solutions. This is achieved by adopting the best global practices in acquisition policies and procurement management, aligning with the UAE's vision for an advanced defence sector.



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