Kuwait Times

Saudi inks naval deal with French firm

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ABU DHABI: Saudi Arabia’s state arms producer and a French government-majority firm signed an agreement yesterday on a joint venture to boost the kingdom’s navy. The memorandum of understand­ing between Saudi Arabian Military Industries (SAMI) and France’s Naval Group is aimed at providing the Gulf state’s navy with “state-of-the-art systems”, a statement said. “Through design, constructi­on, and maintenanc­e activities, the joint venture will contribute significan­tly to further enhancing the capabiliti­es and readiness of our Royal Saudi Naval Forces,” SAMI boss Andreas Schwer said.

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