UAE Military Arm’s Spending Hits $3.2 Billion at Dubai Airshow 2023
The UAE’s Tawazun Council announced signing of 11 deals, worth AED6.9bn ($1.9bn), with local and international companies on the second day of the Dubai Airshow 2023.
The independent government entity works closely with the Ministry of Defence and security agencies to maximise value through acquisition systems.
The cumulative value of deals signed for first two days at Dubai Airshow 2023 is now 20 deals for AED11.6bn ($3.2bn).
The announcement was made by Tawazun Council’s official spokespersons Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi.
Zayed Saeed Al Meraikhi said the eight contracts were signed by Tawazun Council, on behalf of the Ministry of Defence, with local companies. They reached AED4.9bn ($1.3bn) in value.
The biggest contract, worth AED3.3bn ($898m), was awarded to Black Diamond, to procure an air defence system.
The second largest local contract, worth AED738m ($201m), was signed Advanced Integrated Systems for the provision of aircraft maintenance services.
A contract worth AED588m ($161m) was signed with Edge’s Earth Company for the purchase of ammunition.
Other announced deals with local companies included a contract worth AED177m with Trust International Group to procure UAV systems, and AED77.5m contract with Global Air Navigation Services to procure aircraft braking system.
Additionally, a AED29m contract was signed with Al Taif, an EDGE company, to provide technical support for cooling devices and power generators for systems.
A contract was signed with Emirates Aviation Supply Centre to provide technical support for systems, radars, command, control and communications with a value of AED8m.
The last deal was with ADB Safegate Gulf company at total value of AED2.7m to procure monitoring and control panel for the aircraft system.
Also announced today were three international contracts at a total value of AED2bn ($544.5m).
There was a AED1.4bn ($381m) contract with US company Raytheon, to purchase ammunitions, and a AED210m contract with the Italian company Leonardo for the provision of aircraft maintenance services.
The last deal was signed with the Chinese company CATIC to procure ammunitions at total value AED438m ($119m).
Al Jaberi affirmed the Council’s commitment to enhancing collaboration between major aerospace companies, both locally and globally.
He said: “The goal is to achieve sustainable progress and development through partnerships and the exchange of expertise.
“This approach aims to empower industrial capabilities to keep pace with the rapid technological advancements in the aerospace sector.”
