UAE signs deals worth $263m on Day 2 of UMEX & SimTEX 2022

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UAE signs three new deals on Day 2 of UMEX & SimTEX. Pic UMEX & SimTEX
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  • The fifth edition features 15 live shows in the Tilal Swaihan area, showcasing grounded and aerial unmanned systems and AI and robotics technologies.
  • The total number of deals during the first two days of this year’s edition was six, with an overall value of AED1.620 billion.

UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the second day of the 5th edition of UMEX & SimTEX 2022.

On the second day, the event witnessed wide-scale participation of major companies specializing in unmanned systems, training, and simulation from 26 countries, and unprecedented attendance by high-level official delegations from across the world.

This brings the total number of deals of the first two days of this year’s edition to six with an overall value of AED1.620 billion, with an increase of 159 percent compared to the deals of the first two days in the 2020 edition.

This year’s edition hosts several prominent global companies, including the US General Atomics company for aviation systems, the US L3 Harris Technologies, the US Insitu company, France’s NExter Systems, Ukraine’s Ukroboronprom, Italy’s Fincantieri, and China’s ALIT, and many more leading global countries that are launching their latest unmanned systems innovations and technologies at UMEX & SimTEX.

The fifth edition features 15 live shows in the Tilal Swaihan area, showcasing grounded and aerial unmanned systems and AI and robotics technologies, with a total of 22 advanced technologies and innovations in the fields being unveiled at these shows.

This edition also features the Modern Technology Track, which takes visitors on a tour showcasing the latest advanced technologies featured at the exhibitions, UMEX talks, the best innovative solutions for challenges, and futurism endeavors in a world with rapid scientific advances and increasing reliance on unmanned systems and AI.

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