Naval Staff Colonel Fahed Nasser Al Thehli, official spokesperson of the fourth edition of the Naval Defence Exhibition, NAVDEX 2017, announced that national companies accounted for 63.4 percent of total number of deals made during the first four days of IDEX 2017.

In a statement to Emirates News Agency, WAM, Colonel Al Thehli said that national companies accounted for 52 transactions of out 82, with regional and international companies acquiring the remaining 30 deals. Al Thehli anticipates that the total value of deals announced will exceed AED20 billion on the fifth day.

He added that the AED18.8 million in cumulative transactions made so far during IDEX 2017 and NAVDEX 2017 confirms the great success of the exhibition and conference.