SAMI Navantia Naval Industries (SAMI-Navantia) signed a SR3.7 billion ($986 million) contract with Spanish shipbuilder Navantia to collaborate on combat system integration (CSI) on the Avante 2200 corvettes for the Saudi navy.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…1469 Views | the publication reaches you by | Saudi Arabia Today
SAMI Navantia Naval Industries (SAMI-Navantia) is a joint venture between Saudi Arabian Military Industries (SAMI) and Navantia S.A.
The contract will contribute to industry localization, transfer of technology and creating job opportunities.
It was signed at SAMI’s booth at the Defense and Security Equipment International 2019 exhibition at London’s ExCeL convention center.
The ceremony was attended by SAMI Chairman Ahmed Al-Khateeb, Navantia S.A. Chairwoman Susana de Sarria, SAMI CEO Dr. Andreas Schwer and SAMI-Navantia CEO Antonio Rodriguez-Barberan.
“The partnership agreement … represents a landmark achievement for SAMI-Navantia as the company is embarking on a historic journey with the objective of helping realize Saudi Arabia’s ambitions related to localizing the military and defense industries, transferring technology to the Kingdom, and creating new jobs as envisaged in the Saudi Vision 2030 (reform plan),” said Rodriguez-Barberan.
“This offers us an excellent opportunity to capitalize on our strategic partner’s several years of experience in the design, construction and integration of warships to build our own capabilities in the domain.”
De Sarria said:
“Our contract with SAMI-Navantia is proof of Navantia’s commitment to supporting Saudi Arabia in developing its industrial capabilities in the defense sector.”
“This will provide a strong foundation for long-term cooperation between SAMI and Navantia.” The new contract builds on the joint venture partnership agreement signed by SAMI and Navantia last year to design and build five Avante 2200 corvettes for the Saudi navy.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…1145 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?