Saudi Military Industries signs warships JV with Spain’s Navantia

FILE PHOTO: Saudi Arabia's Crown Prince Mohammed bin Salman exchanges documents with Spain's Defence Minister Maria Dolores de Cospedal after signing a framework deal at the Moncloa Palace in Madrid, Spain, April 12, 2018. REUTERS/Juan Medina/File Photo

DUBAI (Reuters) – State-owned Saudi Arabian Military Industries (SAMI) signed an agreement with Spain’s Navantia to set up a joint venture in the kingdom to build five warships, the state news agency SPA reported on Thursday. The deal is part of a wider framework agreed in April by Spain and Saudi Arabia for Spanish state-owned […]

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