AED 21.6 billion worth of defence deals signed at Dubai Airshow

Tawazun Council’s official Spokesmen Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi during a press briefing (WAM)

The UAE’s Tawazun Council has signed 16 deals, worth AED 4.87 billion, with local and international companies on the fourth day of the Dubai Airshow, bringing the total value of the defence deals to AED 21.6 billion for 44 deals.

Tawazun Council is an independent government entity that works closely with the Ministry of Defence and security agencies to maximize value through acquisition systems.

Contracts worth AED 4.7 billion was signed on the first day, AED 6.9 billion on the second and AED 5.1 billion on the third.

A contract worth AED 105 million was signed with Abu Dhabi Airports to provide Services at Al Ain International Airport.

A contract with “AL Sahraa Freight Transport and Logistics” company worth AED 8 million to procure Spare Parts, Repair and Maintenance for Airports Ground Systems and Equipment was signed, as well as a contract with “AAL Group” to provide Maintenance Services for Helicopters at a value of AED 42 million.

Three contracts were signed with “GAL”, the first one is to provide Maintenance Services for Helicopters for AED 266 million, and the second to provide Specialists to Support Aviation Systems for AED 96.8 million, while the third one was to procure Spare Parts for Aircraft for AED 1.6 billion.

An AED 178 million contract signed with “Barij Munitions” an Edge company, to procure Ammunition, and another with “ADASI”, an Edge company, at a value of AED 239 million to procure helicopters.

The international contracts announced by Majed Al Jaberi included seven contracts at a total value of AED 1.07 billion.

More from Business

  • Musk-led group makes $97.4 bln bid for control of OpenAI

    A consortium led by Elon Musk offered $97.4 billion (AED 357 trillion) to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm.

  • DEWA announces record AED 30.98 bln revenue

    Dubai Electricity and Water Authority (DEWA) recorded consolidated full year revenue, for 2024, of AED 30.98 billion, EBITDA of AED 15.70 billion and net profit after tax of AED 7.24 billion.

  • Aviation sector contributes $4.1 trillion to global economy

    The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.

  • Paris AI summit draws world leaders

    World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.

  • 16% growth in new economic licences in Abu Dhabi during 2024

    The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.