The Saudi Ministry of Defense (MoD) announced the closing of 23 deals worth more than SR13 billion ($3.46 billion) with local and international companies on the fourth day of the World Defense Show (WDS) 2022.
The MoD signed five deals with the Saudi Arabian Military Industries (SAMI), two of which were closed with the Royal Saudi Land Forces (RSLF) and three with the Royal Saudi Naval Forces (RSNF).
On the third day of WDS, the MoD signed a contract worth SR3 billion with Hanwha, a Korean defense company, for the Riyal Saudi Land Forces (RSLF) to support its defense capabilities in addition to localization, and supply chain services.