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IDEX 2017 sees deals worth AED 19.2bn

IDEX 2017 sees deals worth AED 19.2bn
A total of 90 deals were signed (Photo Credit: Mubasher)

By: Mahmoud Gamal

Abu Dhabi – Mubasher: The International Defence Exhibition and Conference (IDEX) 2017 saw deals worth AED 19.2 billion ($5.2 billion), according to brigadier general Rashid Mohammed Al Shamsi, official spokesperson for IDEX.

A total of 90 deals were signed, of which 57 were inked with local companies and 33 with regional and international entities, Al Shamsi added on the sidelines of a press conference.

The first day of IDEX saw deals valued at AED 4.4 billion ($1.2 billion), while total contracts amounted to AED 6.92 billion ($1.88 billion), AED 4.075 billion ($1.11 billion), and AED 3.42 billion ($931.7 million) in the second, third, and fourth days, respectively.

Translated by: Julian Nabil