Foxconn, a key manufacturing partner for Apple, has unveiled two new EV prototypes, raising questions about whether the Taiwan tech company could build cars for Apple in the coming years
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Saudi Arabia announces aggressive plan to spend $20bn on domestic arms Saturday, 20 February 2021 4:56 PM
[ Last Update: Saturday, 20 February 2021 5:58 PM ] Saudi-led troops fire shots during clashes in al-Jadaan area, northwest of Marib in central Yemen, February 11, 2021. (File photo by AFP)
Saudi Arabia has announced a “very aggressive” plan to spend more than 20 billion dollars on its domestic military industry over the next decade.
“The government has put a plan that we will be investing in excess of 10 billion dollars in the military industry in Saudi Arabia over the next decade and equal amounts on research and development,” Governor of the General Authority for Military Industries (GAMI) Ahmed bin Abdulaziz Al-Ohali said on Saturday.