“Saudi Military Industries” and “Naval” sign memorandum to establish project “Maritime Defense”

February 18, 2019 (Google Translation) – The Saudi Military Industries Company (SAMI) and France’s Naval Group, which specializes in maritime defense, have signed a memorandum of agreement under which a Saudi company in the field of Saudi maritime defense will be established. The signing of the agreement was signed on the sidelines of the International Defense Exhibition “IDEX” 2019, which was launched yesterday in the UAE capital Abu Dhabi. The agreement sets out the framework for the establishment of this joint venture, in order to strengthen Saudi Arabia’s efforts to…

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The contract with Saudi Arabia will benefit all Navantia shipyards

Google Translation The Government of Saudi Arabia has signed the contract for the construction of five corvettes, an operation that amounts to 1,800 million euros and represents the largest in the history of Spanish public shipyards with a foreign client. This contract strengthens the immediate future of NAVANTIA and will benefit all the shipyards of the company. The signing of this contract with Arabia will benefit the entire NAVANTIA staff, the local industry with which it collaborates and, especially, the entire Bay of Cádiz, which explains that it has received…

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Saudi Arabian Military Industries (SAMI) and Navantia Form Joint Venture ‎

Under the high patronage of HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Chairman of the Council of Ministers and Minister of Defense, and in the presence of Mariano Rajoy Spanish Prime Minister, Saudi Arabian Military Industries (SAMI) and Navantia S.A. today signed a Memorandum of Agreement (MoA) to create a joint venture (JV) April 12th in Madrid. The JV will manage and localize any naval combat systems activity including integration and installation. Both parties also inked a Letter of Intent (LoI) to design and build 5 Avante…

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