International Golden Group scoops contracts in its home market

Issue 1121 - 04 Mar 2021

 One local company that scooped multi-million dirham contracts at the International Defence Exhibition (Idex) is Abu Dhabi-based International Golden Group (IGG), which has long been connected to the powerful UAE national security advisor Sheikh Tahnoun Bin Zayed’s Royal Group. IGG signed deals worth some Dh1.492bn ($405.3m) at Idex; the UAE Armed Forces will buy drones worth Dh33.3m, “weaponry and munitions” at Dh485m, 122mm rockets for Dh285m and “ammunition and weapons” worth Dh689.1m. IGG, which has dozens of subsidiaries focused on defence, security and technology, has been a big winner at previous editions of Idex. It has agreements with prominent international companies such as Leonardo.

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