Thursday, February 24, 2011

UAE announces $3.09 bn in defence deals





Dubai (AFP) Feb 23, 2011 The United Arab Emirates has announced 11.68 billion dirhams (3.09 billion dollars/2.249 billion euros) in defence deals in three days, the official WAM news agency reported on Wednesday. Major General Obaid al-Ketbi announced 3.68 billion dirhams (about $1 billion) on Wednesday, according to WAM.
"With the 8 billion dirhams worth of defence deals... on the second and third day of the event, today's announcements brought to 11.680 billion dirhams the total value of contracts" announced at a defence expo in Abu Dhabi, WAM said.
Among other contracts announced on Wednesday, the "Abu Dhabi Ship Building Company was awarded an 800.5 million dirham ($218.1 million) contract for purchase of RAM missiles," Ketbi said.
The 10th International Defence Exhibition and Conference in Abu Dhabi runs until Thursday.
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