(MENAFN- Kuwait News Agency (KUNA)) RIYADH, Dec 1 (KUNA) -- Saudi Arabia has signed a deal with a Spanish company to manufacture combat sea vessels.
The official Saudi Press Agency (SPA) said in a report on Thursday that a memo was signed by the assistant minister of defense, Dr. Khaled bin Hussein Al-Bayari, and Board Chairman of the Spanish Navantia Company to acquire and build a number of multi-mission ships for the Royal Saudi Naval Forces (RSNF). It was also co-signed by the General Authority for Military Industries (GAMI).
The deal, inked in the presence of Minister of Defense Prince Khalid bin Salman and Spain's Minister of Industry, Trade and Tourism Maria Reyes Maroto, is designed to raise the level of readiness of the RSNF to enhance maritime security in the Gulf, protect the vital and strategic interests of Saudi Arabia, and support the operational and tactical goals of the Ministry of Defense.
The agreement stipulated that the Spanish company would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance, in line with the Kingdom's objectives and Vision 2030. (end) mdm.rk
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