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Made in KSA

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The World Defense Exhibition announced the sale of the entire space allocated for display in the second edition, 5 months before its opening, as the exhibition is scheduled to be held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - during the period from 4 to 8 February 2024 in The capital, Riyadh, has increased the exhibition space by 25% by adding a third hall, as part of meeting the growing demand for this event, which attracts widespread international attention.

“These numbers reflect the leading position of the World Defense Exhibition and enhance its efforts to achieve a better future for the defense and security industry, as the first edition witnessed success that exceeded expectations despite its coincidence with the period of the end of the Corona pandemic and the accompanying difficulties in travel and transportation at that time. Despite this, the exhibition attracted... 600 exhibitors and 65,000 visitors from around the world, and the first edition witnessed the signing of a number of deals worth more than 29.6 billion Saudi riyals ($7.89 billion) over the course of four days. In light of the new developments witnessed by the World Defense Exhibition, we expect an increase in Note in the numbers of attendees and visitors in the 2024 edition.”

One of the most prominent new additions to the exhibition is the “Space Platform”, which showcases the latest space capabilities, innovations and technologies, and monitors their role in shaping a better future for the defense and security industry. The platform also aims both to highlight the strategic ambitions of the Kingdom of Saudi Arabia in the fields of space and identify future opportunities and international partners in the field of space..
 

This is the first of its kind in the production of a Saudi drone in Turkey
The agreement shows that the Saudi defense industry is expanding its ability to develop systems critical to its military capability. It also says that the transfer of knowledge is a core value of its defense relations.”

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- The first appearance of the LAV-700 vehicles in the Royal Saudi Land Force with all its versions..

- Which means that the 2014 deal does not only concern the Royal Guard..

Distributing it across several sectors shows us the huge size of the deal of "Unknown numbers"..

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One of the combat turrets of the Saudi strike forces..CT-CV 105 unparalleled lethality!

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Main components

- Cockerel 105 mm CV gun

- Electromechanical energy control system

- Panoramic view

- Fully stabilized day/night artillery sight - device

- Laser ranging

- Ballistic computer for shooting on the move

Characteristics of the tower

- Caliber: 105 mm NATO
- Weight: 1750 kg
- Maximum firing rate: 6 to 8 shells/minute
-Unique high elevation range: -10° to +42°
- Effective indirect fire engagement capability

Options

- Laser warning device
- Coaxial machine gun - mounted machine gun
Pintle 7.62 or 12.7 mm

Ammunition

- Complete range of 105mm NATO ammunition types
- Smart ammunition and guided munitions

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Another type of the LAV-700
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★- System: automatic fire suppression
★- System: NBC
★- System: laser warning
★- System: bullet detection
★- System: Active protection (optional)
★- System: Independent hydraulic suspension
★- System: Multi-spectral camouflage
★- System: Hunter Killer
★- System: Integrated UAV/UGV control
★- System: Overpressure (CBRN)
★- System: 360° direct view
★- System: Improve 360° situational awareness
★- System: C4 command, control, communications and computer systems
★- System: Battle management
★- System: health and usage monitoring
★- System: monitoring up to a range of (25 km)
★- System: central tire inflation

Versions:

↞ (LAV FSV) is the so-called Fire Support Vehicle version and is armed with a 30 mm cannon
Mounted on a turret and by its function the LAV FSV is akin to a wheeled infantry fighting vehicle
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↞ A command center vehicle with a slightly raised rear roof, and this version is equipped with a weapon platform..Remotely controlled and armed with a 12.7 mm heavy machine gun. There is also a 7.62 mm machine gun..Roof mounted, protected and equipped with satellite communications equipment.

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↞ Ambulance vehicle.

↞ Mortar vehicle with 120 mm shell.

↞ Fire support vehicle with 90 or 105 mm turret.

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↞ A vehicle carrying anti-tank missiles.

↞ Reconnaissance and surveillance vehicle.

↞ Vehicle repair and recovery.

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One of the combat turrets of the Saudi strike forces..CT-CV 105 unparalleled lethality!

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What a beast. That thing is definitely in beastmode. It even has a bad attitude look at the lower lip on that damn thing loool. Great post, bro. Very informative. Saudiya is laying down the busy!
 
23-10-2023

Visit of South Korean President Yoon Seok-yeol to Saudi Arabia

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South Korea and Saudi Arabia are in the final stage of talks on large-scale cooperation in the defense industry

South Korea and Saudi Arabia have reached the final stage of talks on wide-ranging defense industry cooperation in areas including anti-aircraft defense systems and firearms, a South Korean presidential official said on Sunday.

Principal Deputy National Security Advisor Kim Tae-hyo made the announcement to reporters while accompanying South Korean President Yeon-seok-yeol on a four-day state visit to Saudi Arabia.

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“The defense industry stands out as a blue ocean in our cooperation with the Kingdom of Saudi Arabia,” he said. “Discussions for large-scale defense industry cooperation are in their final stage, involving various areas such as anti-aircraft defense systems and firearms.”

Kim added that the two sides are discussing defense industry cooperation programs, which are not one-time, but "long-term and systematic."

He said: “We intend to cooperate so that our weapons systems that use our excellent technologies in the defense industry will help enhance the defense capabilities of the Kingdom of Saudi Arabia, and this will serve as a solid force to continue expanding our achievements in defense industry exports,” noting that South Korea’s defense industry exports have reached an all-time high of $17.3 billion last year.

Earlier in the day, Yoon held a summit with Saudi Crown Prince Mohammed bin Salman and exchanged views on the conflict between Israel and Hamas, according to Kim.

"They stressed their agreement on the need to stop the deterioration of the humanitarian situation, and Yoon said that the Republic of Korea will play the required role and contribute to regional stability and the restoration of peace," Kim said.

He added that the two sides agreed to issue a joint statement summarizing their cooperation in all sectors and determining its future direction, and they are currently finalizing the text.

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Saudi Arabia and South Korea signed a number of agreements and memorandums of understanding this Sunday evening in Riyadh, in the presence of Crown Prince Mohammed bin Salman and Korean President Yeon Suk-yeol, who is visiting the Kingdom for two days.

The agreements included the establishment of the Strategic Partnership Council between the two countries, the Hydrogen Oasis Initiative for cooperation in the field of green and clean hydrogen, and an agreement on mutual exemption from short-stay visa requirements for holders of diplomatic, private and official passports.

In addition to implementing a joint statistical cooperation program between the Saudi General Authority for Statistics and the Korean Statistics Authority, and a memorandum of understanding between the Saudi Food and Drug Authority and the Korean Ministry of Food and Drug Safety for cooperation in the fields of food and medical products.

Investment proceeds

The official Yonhap News Agency reported from President Yeol's office on Sunday that 51 agreements and memorandums of understanding, with a total value of approximately $15.6 billion, would be signed during his visit to Saudi Arabia.

In addition to official agreements, during the Korea-Saudi Investment Forum, which coincides with the 50th anniversary of the start of diplomatic relations between the two countries, a set of memorandums of understanding and partnerships will be signed between the Saudi and Korean private sectors, according to what Presidential Secretary for Economic Affairs Choi Sang-mook told the agency.

These agreements vary, and include the fields of automobiles, real estate development, water desalination, energy, renewable energy, green hydrogen, tourism, supply chains, food industries, pharmaceutical industries, transportation, infrastructure, technology, and cybersecurity, according to Al-Sharq’s correspondents in Riyadh. .

Ibrahim Al-Mubarak, Assistant Minister of Investment of Saudi Arabia, said in today’s speech that the Korea-Saudi Investment Forum last year witnessed the signing of 26 agreements worth $30 billion, bringing the total volume of agreements signed between the two countries in two years to more than $45 billion.

Shared vision

Saudi-Korean relations witnessed steady development over more than 5 decades, culminating in the launch of the “Saudi-Korean Vision 2030” in 2017, which included 40 projects and initiatives to establish partnership between the two countries in 5 fields: energy and manufacturing, smart infrastructure and digital transformation, and building... Capabilities, health care and life sciences, and investment, according to a report published by the Saudi Press Agency “SPA” on the occasion of the South Korean President’s visit to the Kingdom.

The Kingdom is the largest supplier of oil to South Korea, while the volume of trade exchange between the two countries in 2021 amounted to about 26.5 million dollars, and the trade balance recorded a surplus in favor of Saudi Arabia at a value of 19.6 million dollars.

The Kingdom also attracted 132 Korean investments, with a total capital exceeding $3 billion. On the other hand, 3 of the most prominent Saudi companies, Aramco, SABIC, and ACWA Power, have investments in South Korea with a capital of $6.35 billion.
 
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The Saudi Investment Fund and Hyundai agree to establish a car factory

The factory aims to produce 50,000 cars annually with investments of $480 million

70% of the Fund’s share in the project and the Korean company provides technical and commercial support

And a new agreement to supply zero-emission hydrogen mass transit buses to the Kingdom

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The Saudi Public Investment Fund and Hyundai Motor Company signed an agreement to establish a highly automated factory for manufacturing cars in the Kingdom, with investments estimated at 1.8 billion riyals (about 480 million dollars), according to a statement issued by the fund today.

The Fund's share in the joint project is 70%, while the Korean company will own 30%, to be a strategic technology partner for developing the factory by providing technical and commercial support.

The project, which was announced on the sidelines of the Saudi-Korean Business Forum held today in Riyadh, aims to produce 50,000 cars annually, including cars powered by internal combustion engines and electric ones. Plans include laying the foundation stone for the factory next year, and starting production in 2026.

This evening, Saudi Arabia and South Korea signed a number of agreements and memorandums of understanding, in the presence of Crown Prince Mohammed bin Salman and Korean President Yoon Suk-yeol, who is visiting the Kingdom for two days. The official Yonhap News Agency quoted President Yeol’s office as saying that 51 agreements will be signed. And a memorandum of understanding, with a total value of approximately $15.6 billion.

Increase manufacturing capabilities

The Public Investment Fund is leading the transformation process at the level of the vehicle and transportation sector. The agreement contributes to increasing local capabilities in the field of manufacturing and infrastructure, and contributing to increasing the strength of supply chains in the Kingdom and the world.

The factory provides thousands of new job opportunities while allowing the transfer of expertise and experience. The localization of industrial production of Hyundai Motor’s global vehicles constitutes a fundamental pillar that supports and accelerates the development of the automotive and mobility sector system in the Kingdom and attracts more investments to the sector and the local economy in general, according to the statement.

The agreement is in line with the investments the fund has in Lucid and Sir, and enhances the strength of the local value chain in the automotive and mobility industry, according to Yazid bin Abdul Rahman Al-Humaid, Deputy Governor and Head of the General Administration for Middle East and North Africa Investments at the Saudi Fund.

The Saudi Investment Fund recently announced the launch of the National Company for Investment in the Automotive and Mobility Sector, “Tasaro’”, which specializes in developing local capabilities for the automotive and mobility sector supply chains in the Kingdom. The Fund and the Saudi Electricity Company also announced the launch of an infrastructure company for electric vehicles and the provision of more than 5,000 fast chargers by 2030.

Hydrogen buses

In a related development, Nabil Nashy, director of new business in the Middle East and Africa at Hyundai, said in an interview with Al-Sharq that the company had signed an agreement with the Saudi Public Transport Company “SAPTCO”, “Air Products Qudra” and “Automotive Technology Center”, to supply buses. “Zero emissions” hydrogen mass transportation to Saudi Arabia.

The South Korean company aims to benefit from promising opportunities and major projects in the Kingdom by intensifying its investments during the coming period, according to Nashi.

Hyundai Motor Group is the third largest automobile company in the world based on the number of units sold, and has many contributions in the fields of technology, design, development, as well as operational expertise in automobile manufacturing.
 

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Korean President Yoon and Saudi Crown Prince Mohammed bin Salman agree to deepen the bilateral strategic partnership
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South Korean President Yeon Seok-yeol and Saudi Crown Prince Mohammed bin Salman agreed to deepen and develop the strategic partnership between the two countries during their summit in Riyadh on Sunday, according to the Korean presidential office.

The two leaders held talks at Al Yamamah Palace on the second day of Yoon's four-day state visit to Saudi Arabia, which came as the two sides explore new areas of economic cooperation beyond the traditional sectors of construction and energy.

The presidential office said in a press statement that President Yoon and Prince Mohammed “agreed to deepen and develop the future-oriented strategic partnership between the two countries,” referring to the partnership that was established last November during the Saudi Crown Prince’s visit to Seoul.

The two leaders also welcomed the signing of a memorandum of understanding detailing the “Strategic Partnership Committee” that they decided to form during the November visit.

Crown Prince Mohammed said that he welcomed the president's state visit to the Kingdom of Saudi Arabia, saying that he intends to continue developing practical cooperation in various fields with South Korea, which is a key cooperation country in the "Vision 2030" national development strategy of the Kingdom of Saudi Arabia, He expressed his hope for frequent communication and cooperation with President Yoon Seok-yeol to achieve this goal, according to the presidential office.

It is noteworthy that "Vision 2030" is a road map supervised by the Crown Prince to transition the country from an oil-based economy.

During the summit, Yoon praised the practical achievements achieved between the two countries since last November, including the foundation stone laying ceremony for the Shaheen Project, which aims to build a large-scale petrochemical plant in the South Korean city of Ulsan. The project is being led by S-Oil, South Korea's No. 3 oil refiner, in which state-run oil giant Saudi Aramco has the largest stake.

Yoon also asked the Crown Prince and the Saudi government to help South Korean companies participate in mega development projects in the Arab country, including projects in NEOM, Qiddiya and the Red Sea.

The presidential office said: “President Yoon stressed that South Korea is the ideal partner for the Kingdom of Saudi Arabia in the post-oil era, and added that it is encouraging that bilateral relations will develop from the traditional fields of energy and construction to an advanced industrial partnership that jointly produces cars and ships.” He also expressed his hope that cooperation would also expand to include the fields of tourism and cultural exchange.

The two leaders exchanged views on the security situation in the Middle East, amid increasing instability surrounding the conflict between Israel and Hamas.

“President Yoon said that the Korean government will provide necessary cooperation, including humanitarian assistance,” the presidential office said.

Yoon also said he hopes Saudi Arabia, as a major energy market country and crude oil exporter, will exercise its leadership to stabilize the market, amid growing uncertainty in the global oil market.
 
On the side:
The two sides are discussing cooperative programs that are not one-time events but long-term and long-lasting..

An official in the top office said that the two sides are close to finalizing the agreement, and that the size and quantity are
Very large.. without revealing the exact size of the deal.

It's all about agreeing on the rate of localization and production in the Kingdom of Saudi Arabia..

*
Expect the new plane project KF-21 fighter
And air defence
And frigates
And the commercial ship industry
Among many other systems..
 
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