RIYADH: The Saudi Arabian Military Industries on Wednesday signed three separate financing agreements worth nearly SR7 billion ($1.8 billion) with three Saudi banks for projects related to defense industries localization. The agreement is part of the strategic efforts of the wholly-owned subsidiary of the Public Investment Fund to expand its operations in Saudi Arabia, it said
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).
RIYADH: American multinational aerospace and defense firm Raytheon Technologies has inaugurated the new headquarters of its Saudi Arabian subsidiary company in Riyadh. Addressing an audience of senior military officials and strategic industry partners during an official ceremony, Raytheon Saudi Arabia CEO David Hanley said the new building affirms the company’s multi-decade