These budgets reflect their commitment to enhancing their military capabilities, safeguarding national interests, and ensuring regional stability in the Gulf
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Saudi Ministry of Defense signs deals worth $1.8 billion at the World Defense Show
Among the deals signed at the WDS 2022, the Saudi Ministry of Defense inked a deal worth $799.66 million (SAR 3 billion) with Korean defense firm Hanwha to support the defense capabilities, localisation, and supply chain services of the Royal Saudi Land Forces
Ahmed Al-Ohali
Saudi Ministry of Investment inks 12 MoUs to spur in-kingdom capability building for the defense sector
Global industry leaders will collaborate with the Saudi Ministry to promote investments in the Saudi defense sector; build in-kingdom capabilities; and include Saudi Arabia in the defense industry’s global value chain.