Tawazun Council has signed nine deals worth a total of AED 4.7bn ($1.2bn) during the first day of the Dubai Airshow.
The Council signed four contracts on behalf of the Ministry of Defense with local companies, totalling AED 2.7bn ($735m). Those contracts include an AED 2.14bn ($582m) contract with Halcon to procuer ammunitions, and two contracts with International Golder Group for the purchase of engines and parts as well as technical support for aircraft.
Tawazun Council also signed five international deals for a total value of AED 2bn ($544m), including a AED 326m ($89m) deal with France-based Thales for detection radars and a AED 1.62bn ($441m) contract with Chinese company Catic for an airshow aircraft and accessories. It also signed a AED 3.67m ($999,000) contract with Sielman Defense Manufacturing and Maintenance for technical support, repair and maintenance for the Hawk Air Defense System.
According to Majed Ahmed Al Jaberi, the official spokesperson of Tawazun Council, Dubai Airshow is “an important strategic event […] and is poised to bolster efforts in advanced solutions and technologies”.
He added, “The show aims to broaden the scope of exploring opportunities and to identify optimal investment prospects to support the knowledge-based national economy and sustainable development.”
Image (L-R): Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi, the official spokespersons of Tawazun Council