Exhibitors at this year's DEAL Expo, which took place in Dubai last month, signed contracts worth over $240m, event organiser International Expo Consults (IEC) has confirmed.

DEAL grew by 20 per cent over the previous year, as exhibitors signed contracts for innovative products and projects, amusement rides and other equipments, IEC said.

"We are extremely delighted that majority of our exhibitors have signed significant contracts during the show," said Abdul Rahman Falaknaz, chairman of IEC.

"Many meetings and business contacts have been created and developed as exhibitors reached out to several visitors and trade partners at the show."