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.
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