11 Deals Worth $1.5bn Signed At NAVDEX 2023 On Third Day Of IDEX

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On the third day of the International Defence Exhibition and Conference (IDEX) 2023 in Abu Dhabi, 11 deals worth $1.5 billion were signed at the Naval Defence Exhibition (NAVDEX) 2023. The deals signed at NAVDEX are expected to bolster the naval capabilities of several countries and promote international cooperation in the defence sector.

Among the deals signed was a contract worth $500 million between the UAE Armed Forces and the German company ThyssenKrupp Marine Systems for the construction of two new Type 214 submarines. The submarines are expected to be equipped with state-of-the-art technology and will enhance the UAE’s naval capabilities in the Gulf region.

Another significant deal was signed between the UAE’s Critical Infrastructure and Coastal Protection Authority and the UAE-based company Abu Dhabi Autonomous Systems Investments (ADASI) for the purchase of two new unmanned surface vessels. The vessels, equipped with advanced sensors and communication systems, will be used for surveillance and reconnaissance operations along the UAE’s coastline.

Other deals signed at NAVDEX included the purchase of naval vessels, ammunition, and maritime equipment by countries such as Saudi Arabia, Jordan, and Egypt. The deals are expected to strengthen the maritime security capabilities of these countries and promote regional stability.

The signing of these deals at NAVDEX underscores the growing importance of naval capabilities in maintaining regional security and stability. With the increasing threat of maritime security challenges such as piracy, terrorism, and smuggling, countries are investing in modern naval technology to enhance their capabilities and safeguard their national interests.

The IDEX and NAVDEX exhibitions provide a platform for international defence companies to showcase their latest products and technologies and engage with government and military officials from around the world. The exhibitions also promote collaboration and knowledge-sharing among countries and defence companies, leading to the development of new technologies and solutions.

The UAE, with its strategic location at the crossroads of major shipping lanes and its long coastline, has emerged as a major player in the global defence industry. The country has been investing heavily in its defence sector, with a particular focus on enhancing its naval capabilities.

In recent years, the UAE has been increasing its partnerships with international defence companies and investing in the development of new technologies and solutions. The signing of these deals at NAVDEX is a testament to the country’s commitment to strengthening its defence capabilities and promoting regional stability.

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