[ad_1]
The Saudi Military Industry Corporation (SAMI) and the French naval group, specializing in the field of maritime defense, have signed a memorandum of understanding providing for the establishment of a Saudi company in the field of maritime defense. Saudi maritime defense.
According to a statement from the Saudi press agency "SPA", the signing of the agreement on the sidelines of the international fair of defense "Idex" 2019, which began yesterday in Abu Dhabi, the capital of the Arab Emirates United.
The new company will be at the forefront of the Royal Navy's naval programs and will respond to the various current and future requirements of modern naval defense systems, including full life-cycle support for these systems, the report said. communicated.
The project aims to increase local content and provide excellent employment opportunities to the Saudis as part of achieving the Vision 2030 goals.
Andreas Schweer, President and CEO of Saudi Military Industries, said: "This joint venture is an opportunity to leverage the Naval Group's expertise and help its partners develop their marine capabilities and thereby create an integrated system for the Kingdom's military industries through advanced design, manufacturing and maintenance activities.
According to the data available "Numbers", The Public Investment Fund announced in May 2017 the establishment of the Saudi Society of Military Industries, in which it is expected that its direct contribution to the Kingdom's GDP will reach more than 14 billion riyals in 2030.
[ad_2]
Source link
