Local companies bagged the lion's share of UAE defence contracts worth Dh4 billion (US$1.08bn) at the International Defence Exhibition (Idex) yesterday.
About three quarters of the contracts awarded went to UAE companies or partnerships between local companies and international players.
Emiraje Systems, a joint venture between C4 Advanced Solutions, based in Abu Dhabi, and the UK's EADS Defence & Security, received the biggest contract, worth Dh2bn.
The partnership will implement a surveillance, intelligence and reconnaissance system for the UAE Armed Forces.
The deal is the biggest to be signed at Idex, which is held in the capital, after contracts totalling Dh4.5bn were announced on Monday.
Overall, analysts estimate defence contracts worth Dh20bn are up for grabs at the week-long exhibition, and local companies have so far won Dh6bn worth of deals.
Major Gen Obaid al Ketbi, the spokesman for Idex who announced the contracts, said those companies had improved their capabilities since last year.
"They have been spending a lot of money on research and development since the last Idex," Major Gen al Ketbi said.
The general was quick to make it clear that the UAE Armed Forces had not compromised on quality by opting for local companies with limited experience compared with their international counterparts.
"The national companies have a strategy in both defence and civil development," he said. "Most companies we have agreed deals with today are in high-tech joint ventures with international companies so we are assured of the quality of the product."
C4 Advanced Solutions was founded in 2006 to be the IT arm of Emirates Advanced Investment.
The Emiraje deal marks a global shift away from developing platforms, such as ships, tanks and aircraft, towards cybersecurity and intelligence, surveillance and reconnaissance.
The UAE plans to avoid the capital and labour-intensive industries that growing economies traditionally develop, to build an industrial economy based on niche and high-end technology.
Abu Dhabi is focused on technologies such as composite facial recognition systems, semi-conductors, unmanned systems and energy security.
The UAE Armed Forces also purchased detection and surveillance equipment from IGG for Dh393 million.
Bayanat, a newly formed subsidiary of Mubadala Development, was awarded a Dh326 million contract to provide military geospatial surveying, air photography and map production analysis. Mubadala is a strategic investment company owned by the Abu Dhabi Government.
Homaid al Shemmari, the executive director for business development at Mubadala Aerospace, said the UAE had "strived" to increase its capabilities to ensure the security of the region, particularly as the region produces 40 per cent of the world's oil.
"The announcements you see today are a results of the success, particularly in technology and services, the UAE has had in diversifying the economy," Mr al Shemmari said.
Mubadala is in talks on further deals and is expected to announce details this week.
Major deals were also announced with international players after Goodrich Company, based in the US, was awarded a Dh297m contract for upgrades of F-16 fighter jets with reconnaissance pods, and France's Dassault Aviation agreed to upgrade its Mirage 2000 fighter with new ammunition systems.
Nexter Systems, also based in France, was also awarded a Dh423m deal for technical support for the Leclerc tank.
rjones@thenational.ae
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
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Pietro Bartolo and Lidia Tilotta
Quercus
Titan Sports Academy:
Programmes: Judo, wrestling, kick-boxing, muay thai, taekwondo and various summer camps
Location: Inside Abu Dhabi City Golf Club, Al Mushrif, Abu Dhabi, UAE
Telephone: 971 50 220 0326
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Scoreline
Saudi Arabia 1-0 Japan
Saudi Arabia Al Muwallad 63’
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
MATCH INFO
Uefa Champioons League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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