Our Bureau
01:14 PM, February 20, 2017
Nimr Automotive Leads Local UAE Companies Winning Billion Dollar Contracts at IDEX 2017
NIMR 6x6 APC armoured personnel carrier

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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