Saudi Arabia
Saudi Defense Ministry Signs 10 Contracts at World Defense Show
The Saudi Ministry of Defense 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.
This aligns with the goals of Saudi Vision 2030 to localize over 50% of military equipment and services spending, according to Saudi Press Agency (SPA).
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.
