Saudi Arabia to finance Moroccan military industry to the tune of $22 billion

[KediKesenFare3]

Saudi Arabia will apparently grant Morocco $22 billion to help finance its military industry, according to reports. The money will be invested through 2019.

On 16 December, Arabic daily Al-Massae reported that Saudi Arabia agreed to the funding following the signing of a military and technical cooperation agreement between the two countries’ armed forces.

Minister Delegate to Morocco’s Head of Government for the administration of National Defense, Abdellatif Loudiyi, met in Rabat with Muhammad bin Abdullah Al Ayesh, Saudi Deputy Defense Minister, reports Maghreb Arab Press (MAP).

Saudi Arabia will provide military intelligence to Morocco and help establish it as a weapons manufacturer. Morocco has attracted foreign aerospace and defence companies, with Bombardier, Airbus, Safran and Thales opening facilities or offices in the North African country.
Saudi Arabia to finance Moroccan military industry to the tune of $22 billion | defenceWeb

 

[That Guy]

KSA should have used that money to try and diversify it's own economy instead, but it won't. No matter how many times we hear KSA saying that it will decrease it's dependency on oil, nothing has come of it so far.

Instead, they're spending far too much on their military, while their economy is tanking.

 

[My-Analogous]

Saudi Arabia will apparently grant Morocco $22 billion to help finance its military industry, according to reports. The money will be invested through 2019.

On 16 December, Arabic daily Al-Massae reported that Saudi Arabia agreed to the funding following the signing of a military and technical cooperation agreement between the two countries’ armed forces.

Minister Delegate to Morocco’s Head of Government for the administration of National Defense, Abdellatif Loudiyi, met in Rabat with Muhammad bin Abdullah Al Ayesh, Saudi Deputy Defense Minister, reports Maghreb Arab Press (MAP).

Saudi Arabia will provide military intelligence to Morocco and help establish it as a weapons manufacturer. Morocco has attracted foreign aerospace and defence companies, with Bombardier, Airbus, Safran and Thales opening facilities or offices in the North African country.
Saudi Arabia to finance Moroccan military industry to the tune of $22 billion | defenceWeb

KSA should create her own industries

 

[Zarvan]

KSA should have used that money to try and diversify it's own economy instead, but it won't. No matter how many times we hear KSA saying that it will decrease it's dependency on oil, nothing has come of it so far.

Instead, they're spending far too much on their military, while their economy is tanking.

They are doing it. Years of dependency won't change in 4 to 5 years but work has begun results would come soon.

Now for topic Morocco needs to increase Air Force and JF-17 BLOCK III will be great option also add Submarines to its Navy for that new Kilo class of Russia will be great and as for Tank and Artillery and other machines Pakistan and Turkey can provide easy affordable options

 

[Abdullah S.]

Faltoo paisa hai in ke paas.

 

[KingRaj]

So $22 billion over 4 years means $5.5 billion a year.

 

[KediKesenFare3]

Yemen Thanks Morocco’s Military Participation With Street Billboards

It is a relationship of give and take.

Saudi Arabia to Provide $22 Billion to Morocco’s Military Industry

 

[Ceylal]

KSA should have used that money to try and diversify it's own economy instead, but it won't. No matter how many times we hear KSA saying that it will decrease it's dependency on oil, nothing has come of it so far.

Instead, they're spending far too much on their military, while their economy is tanking.

Just a feel good news, KSA is broke, that the reason they are putting the few royalties they own in ARAMCO for sale...

 

[BordoEnes]

Just a feel good news, KSA is broke, that the reason they are putting the few royalties they own in ARAMCO for sale...

Saudi Arabia has a huge foreign cash reserve, they wont be broke for a long time.

 

[Ceylal]

Saudi Arabia has a huge foreign cash reserve, they wont be broke for a long time.

They had...

 

[BordoEnes]

They had...

Still have. Its not that long since the oil barrel price became this low.

 

[Ceylal]

Still have. Its not that long since the oil barrel price became this low.

Yemen, Irak, Syria and domestic subsidies drained the coffer, just think about the Yemeni has cost them to rally the countries that joined KSA, without counting the losses in military equipment and the daily cost of the war.

 

[GoldenRatio1618]

But will not invest single pie in Pakistan in this field and come for both hand help..

 

[That Guy]

Just a feel good news, KSA is broke, that the reason they are putting the few royalties they own in ARAMCO for sale...

They're not broke, they're going broke.

 

[mingle]

Yemen, Irak, Syria and domestic subsidies drained the coffer, just think about the Yemeni has cost them to rally the countries that joined KSA, without counting the losses in military equipment and the daily cost of the war.

i think ever Ayatulah follower woke up in the moring and think saudia is broke .pipe dreams keep dreaming Yemen war is logisticaly is not expensive its border they share with them plus its not input by one country but with other GCC as well they share the burden and cost .iraq and syria is not expensive for them .Same thing u put over iran they running the bank roll of Basher alasad with hizbullah and finght in iraq as well so who gonna broke first ?
plus the weapons like LGBS to artillary shells bullets and guns regular bombs they buy from Pak which cost them a lot cheaper than buying same ammo from west .they r not stupid they good bussiness men they will prolong the yemen war for very long .