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Qatar signs 8.95 billion USD arms deals at defense show

Xinhua, April 1, 2016 Adjust font size:

Qatar signed 19 major arming deals worth 32.58 billion Qatari riyals (about 8.95 billion U.S. dollars) at Doha International Maritime Defense Exhibition and Conference (DIMDEX 2016), organizers announced here on Thursday.

The transactions included eight Memoranda of Understanding (MoU) inked today to supply Qatari Armed Forces with important maritime equipment valued at 1.29 billion Qatari riyals (QR).

They also included consolidation of a deal of 24 French Dassault Rafale fighters worth 27.75billion QR on Tuesday, as well as 10 MoU signed on Wednesday at a total value of 3.54 billion QR signed Wednesday with international companies for arming and developing the Armed Forces.

Dimdex 2016 has attracted more exhibitors and higher levels of participation by welcoming 9,000 visitors and official VIP delegations from over 60 participating countries.

During the three days event which concluded Thursday, international and local exhibitors took full advantage of the opportunity to present the latest maritime defense technology to buyers, build business connections, discuss the latest trends in the industry and secure deals.

The Qatari Armed forces inked 40 deals worth almost 23 billion U.S. dollars during the previous edition of DIMDEX held in 2014. Endit