Saudi-French Joint Venture to Build Warships in the Kingdom Read more at: https://www.bloombergquin

[Zarvan]

(Bloomberg) -- Saudi Arabian Military Industries and France’s Naval Group SA entered a joint venture to develop vessels in the kingdom, which seeks to promote local manufacture of armaments. The Saudi government-backed firm will hold a 51 percent stake and the French naval defense company will have the rest. The new company will develop, engineer and manufacture frigates, corvettes and possibly s

Read more at: https://www.bloombergquint.com/busi...-to-build-warships-in-the-kingdom#gs.lxjhmvja
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