Nimr Automotive Leads Local UAE Companies Winning Billion Dollar Contracts at IDEX 2017

The UAE’s armoured vehicle maker Nimr Automotive has won a Dh2.42 billion (US$ 658.8 million) deal to supply 400 8x8 armoured vehicles to the UAE Armed Forces.

Nimr Automotive is being integrated into the Abu Dhabi-owned Emirates Defence Industries Company (Edic).

Arms deals worth Dh4.41 billion (US$ 1.2 billion) were struck on the first day of Idex. Twenty-one companies won deals, with the lion’s share going to 15 UAE companies, including Abu Dhabi’s International Golden Group.

Edic, a joint venture between Abu Dhabi fund Mubadala Development Company and Abu Dhabi-owned Tawazun Holding that will comprise 15 companies by the end of the year, unveiled a Rapid Intervention Vehicle (RIV) by Nimr.

About 125 local companies have the biggest wing in the 13th edition of the five-day biennial exhibition, which is being held alongside the fourth edition of Naval Defence Exhibition (Navdex).

The biggest exhibiting company is Edic.