Kailash Kumar
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Saudi Arabia and Spain launch joint venture to build five corvettes
November 07, 2018
The venture will build five Avante 2200 corvettes and combat management systems for the vessels for the Saudi Ministry of Defense.
SAMI and Navantia S.A. signed an agreement in April to create SAMI Navantia Naval Industries during a visit by Crown Prince Mohammed bin Salman to the Spanish capital.
The venture will build five Avante 2200 corvettes and combat management systems for the vessels for the Saudi Ministry of Defense.
A signing ceremony was held in Riyadh on Tuesday attended by Ahmed Al-Khateeb, chairman of SAMI, and the chairman of Navantia, Gonzalo Alcazar.
The new project is expected to contribute to efforts by the Saudi Arabian Military Industries company to localize 50 percent of military spending in line with Vision 2030.
The manufacture of the marine combat systems will be carried out in the Kingdom along with system engineering and design, hardware and software development and testing.
http://www.arabnews.com/node/1400891/business-economy
November 07, 2018
The venture will build five Avante 2200 corvettes and combat management systems for the vessels for the Saudi Ministry of Defense.
- A signing ceremony was held in Riyadh on Tuesday attended by Ahmed Al-Khateeb, chairman of SAMI, and the chairman of Navantia, Gonzalo Alcazar
SAMI and Navantia S.A. signed an agreement in April to create SAMI Navantia Naval Industries during a visit by Crown Prince Mohammed bin Salman to the Spanish capital.
The venture will build five Avante 2200 corvettes and combat management systems for the vessels for the Saudi Ministry of Defense.
A signing ceremony was held in Riyadh on Tuesday attended by Ahmed Al-Khateeb, chairman of SAMI, and the chairman of Navantia, Gonzalo Alcazar.
The new project is expected to contribute to efforts by the Saudi Arabian Military Industries company to localize 50 percent of military spending in line with Vision 2030.
The manufacture of the marine combat systems will be carried out in the Kingdom along with system engineering and design, hardware and software development and testing.
http://www.arabnews.com/node/1400891/business-economy
