Saudi Defense Ministry signs 10 contracts with local and int’l companies at World Defense Show 2024
13:50, 8 February 2024
The Ministry of Defense on February 7 signed ten contracts with local and international companies at the World Defense Show 2024 to enhance the capabilities of armed forces branches, improve their combat efficiency, and contribute to the support and localization of defense manufacturing, SPA reports.
This aligns with the goals of Saudi Vision 2030 to localize over 50% of military equipment and services spending.
The contracts included agreements with Rheinmetall Arabia Simulation and Training (RAST), South Africa’s HENSOLDT GEW, Spain’s Rheinmetall Expal, Bosnia Igman Company, Korea’s Poongsan Corporation, Qudra Industrial Company, Fahad International Company, and the National Company for Mechanical Systems.
