The hybrid electric drive system’s kit will be prepared by ST Engineering, with the vehicle and all other mechanical parts and interfaces handled by Nimr.
Saudi Arabian Military Industries is charged with boosting domestic industry and increasing technology transfer into local sectors. And it is Walid Abukhaled, the CEO of the defense conglomerate, who must accomplish these goals.
A Saudi defense industry conglomerate has signed separate agreements at the International Defence Exhibition and Conference with an Emirati economic group and a Belarusian government organization with the aim of creating joint ventures.
Defense News spoke with the Russian company’s CEO about why it would design a NATO-friendly rifle when there are measures in place that prevent alliance members from buying it.
Israel will use the Foreign Military Financing program from the U.S. to acquire the new tankers. The multibillion-dollar deal was approved by the U.S. State Department in March 2020.
In a first for the United Arab Emirates and Saudi Arabia, their respective defense industry conglomerates signed a deal to produce the four-wheel drive JAIS vehicle, developed by Emirate firm Nimr, in Saudi Arabia.
Saudi Arabia announced Feb. 15 that it plans to stop signing contracts with foreign companies that don’t have their Mideast headquarters in the kingdom, state-run media reported, a bold move that could escalate business competition in the region.
In spite of the surging coronavirus pandemic, major arms makers descended on a convention center in Abu Dhabi, hoping to make deals with militaries across the Middle East.
Saab will also participate in the educational program Sustain and Enhance Emiratization in Defence and Security, or SEEDS, as part of agreements it signed at IDEX.
The locally made precision-guided systems were produced by Edge subsidiary Adasi, and they use artificial intelligence software for targeting and strike missions, the company says.