Thousands of delegates and exhibitors will descend on Abu Dhabi National Exhibition Centre today for a global showcase of the latest in defence technology and weapons systems.
Emirati manufacturers including Edge, Caracal and Tawazun are among more than 1,800 companies participating in the largest International Defence Exhibition and Conference (Idex) yet.
Billions of dollars in deals are signed when the five-day biennial event, which runs from Monday to Friday, takes place. Idex 2021 was biggest yet, with close to Dh21 billion worth of contracts agreed.
The event runs alongside the Naval Defence & Maritime Security Exhibition (Navdex).
At the weekend, naval vessels from around the world sailed into Abu Dhabi.
Seven ships from Pakistan, Bahrain, the UK, Italy, China, India and the UAE entered the Mussaffah canal and travelled to Adnec Marina.
The vessels will be on display at Adnec Port and Zayed Port for the duration of the exhibition.
Commodore Rashid Al Muhaisni, chairman of the Navdex 2023 organising committee, said more exhibitors were expected at this year's event and it would feature the latest innovative technologies in the maritime defence industry.
“Since the launch of its first edition 12 years ago, Navdex has succeeded in reaffirming its position as one of the leading global platforms that brings together experts and specialists from all over the world, to establish partnerships and explore opportunities to promote vital sectors,” he said.
At 153,000 square metres, Adnec is the largest conference centre of its kind in the Mena region, allowing for large displays and indoor and outdoor exhibitions.
In 2021, Idex recorded the largest total of financial deals in its history, with close to Dh21 billion worth of contracts agreed.
The 2023 event will feature Idex next generation - a platform dedicated to start-ups, and a series of free to attend talks and discussions.
Meanwhile, the Idex Think Tank sessions will gather leading defence and security experts from around the world for strategic conversations covering a range of critical topics.
Saeed Al Mansoori, chief executive of Capital Events, a subsidiary of Adnec Group, said the size of the venue had helped to attract new exhibitors.
“For the first time, Navdex will be held in the new Adnec Marina Hall, which covers an area of 10,000 square metres, making it the largest of its kind in the Middle East,” he said.
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More from Rashmee Roshan Lall
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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