The Tawazun Council awarded contracts worth Dh4.5 billion ($1.2 billion) on the first day of the International Defence Exhibition and Conference (Idex), with several deals going to local companies.
The procurement arm of the UAE Armed Forces, which signed 11 contracts, awarded five deals worth Dh2.2 billion to international companies, while domestic companies won six contracts worth Dh2.3 billion, Zayed Al Meraikhi, the council's spokesman, said on Monday.
Among the domestic companies was munitions maker Halcon, which clinched a deal valued at Dh2.14 billion for the Thunder P3 weapons system. Maplin Marine Systems and Services was awarded a Dh78 million deal to provide ships with technical support services.
Other UAE companies that sealed deals included Mohamed Abdulrahman Al Bahar, which signed a Dh45 million contract to provide technical support on tracked vehicles, and Atlas Telecom, to procure SR Hawk and portable radar for Dh26 million.
Among international companies, PT Pal Indonesia won the biggest foreign deal of the day. It received a Dh1.5 billion contract for the procurement of a multi-mission ship.
The UAE Armed Forces signed deals worth Dh20.95 billion during the five-day event in 2021.
This year's Idex involves 65 countries, up 10 per cent from the previous event in 2021, said Saeed Al Mansoori, chief executive of Capital Events, an arm of Abu Dhabi National Exhibitions Company
He said nine countries were attending the defence expo for the first time this year — Uzbekistan, Ireland, Nigeria, Montenegro, Kuwait, Lithuania, Bangladesh, Colombia and Monaco.
Idex, which began in Abu Dhabi on Monday, is the Middle East’s largest defence expo. It has drawn industry leaders eager to display their latest military technology, from drones to armoured vehicles.
Major international companies, such as Boeing, Raytheon Technologies, Lockheed Martin, France’s Thales, the Naval Group and Saudi Arabian Military Industries, are among those participating.
Kalashnikov Concern — the largest Russian manufacturer of small arms, guided artillery shells and high-precision weapons — is displaying its AK-15 rifles among dozens of other products.
Al Yah Satellite Communications, better known as Yahsat, and Sweden's Saad are also taking part.
Defence companies use Idex as a platform to show their wares and all eyes will be on UAE conglomerate Edge, which on Monday unveiled 11 products and systems.
Set up in 2019, Edge specialises in building advanced technology for weapons systems, cyber protection and electronic warfare, with more than 25 companies under its umbrella.
Ahead of Idex, Edge said it acquired a majority stake in Estonia's Milrem Robotics to develop capabilities in robotics and autonomous systems in line with the UAE's expanding manufacturing sector.
Edge's expansion is in line with the UAE's Operation 300bn strategy, which seeks to increase the contribution of the local industrial sector to the country's gross domestic product to Dh300 billion by 2031, from Dh133 billion in 2021.
In June, the UAE's Ministry of industry and Advanced Technology, the Emirates Development Bank (EDB) and Edge Group signed an agreement to boost manufacturing in the defence sector.
Tallinn-based Milrem Robotics — which specialises in the development of intelligent unmanned ground vehicles, robotic warfare, concept of operations and warfare analysis — will become a new entity under Edge's platforms and systems cluster.
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Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
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Global state-owned investor ranking by size
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
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Read part one: how cars came to the UAE
How to help
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Rajasthan Royals won by 15 runs
UAE v IRELAND
All matches start at 10am, and will be played in Abu Dhabi
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Most sought after workplace benefits in the UAE
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
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Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
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On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
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- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
