UAE’s Tawazun Council concludes Dubai Airshow with substantial defense spending

UAE’s Tawazun Council declares a $6.3bn spending at Dubai Airshow 2023.

High Spending at Dubai Airshow:

The UAE’s Tawazun Council concluded the Dubai Airshow 2023 on a significant note, announcing a hefty spending of over AED23 billion ($6.3 billion) on behalf of the Ministry of Defence. The substantial investment underlines the country’s commitment to enhancing its defence capabilities and partnerships.

Final-Day Deals:

On the closing day of the Dubai Airshow, the Tawazun Council sealed 10 deals amounting to AED1.415 billion. These agreements involved collaborations with both local and international companies, further solidifying the UAE’s position as a strategic hub for defence-related ventures and fostering global partnerships in the sector.