UAE announces $1.1 billion of military deals with international cos: IDEX

The United Arab Emirates (UAE) said yesterday it had signed military deals worth 3.87 billion UAE dirhams ($1.1 billion) with international companies. A spokesman for the IDEX defense conference said the UAE had also announced military deals worth 1.1 billion UAE dirhams with local companies.

The value of deals during the five-day event is likely to exceed the Dh19.17bn reached in 2017, Idex organisers said earlier this month. The biennial event taking place in Abu Dhabi has attracted a record number of exhibitors and countries.