Abu Dhabi: Deals worth Dh1.62 billion inked over two days of Umex 2022

Abu Dhabi: Deals worth Dh1.62 billion inked over two days of Umex 2022

On the opening day of the exhibition, three deals worth Dh650 million were signed

Published: Tue 22 Feb 2022, 5:29 PM

The UAE Armed Forces inked three deals worth Dh966 million on the second day of the Unmanned Systems Exhibition (Umex), taking the overall value of transactions across the first two days to a whopping Dh1.62 billion.

The biggest contract was bagged by Abu Dhabi-based International Golden Group for unmanned aircraft systems at Dh874 million. The other two went to international firms: US’ Anduril Industries got a deal worth Dh46 million for the trials of the anti-drone systems and Dh43 million contract went to France’s MBDA for flares – self-defence countermeasure system against infrared missiles.

On the opening day of the exhibition, three deals worth Dh650 million were inked.

Colonel Staff Pilot Abdulnasir Mohamed Al Hameedi, official spokesperson for the exhibition, said that the valuation of transactions reaching Dh1.62 billion is a 159 per cent increase compared to the first two days of the 2020 edition.

“This growth represents the evolving need for unmanned systems. These deals also reflect the leading role that the UAE and the emirate of Abu Dhabi is playing in this field locally and internationally,” Al Hameedi told Khaleej Times.

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