Saudi Arabia signed an agreement with Airbus on Monday to produce civil and military helicopters in the kingdom, the first and largest project of its kind in the Middle East.
Saudi defence company Scopa Industries and Airbus will produce more than 100 helicopters in the kingdom, the company’s top official told state TV.
Fawaz Al Akeel, group chief executive for the defence and security sector of Scopa, said the investment would exceed 25 billion riyals ($6.6 billion) over 20 years.
The project would start next February at the World Defence Show in Riyadh, he said. It will provide more than 8,500 jobs.