Saudi-Spanish Shipbuilding Contract Localizes 60% of Jobs

The Saudi Arabian Military Industries company (SAMI) and Spanish firm Navantia signed on Thursday a partnership that would localize more than 60 percent of naval combat systems activity including integration and installation. Both parties also inked a Letter of Intent to design and build five Avante 2200 corvettes, including Combat Management System, for the Saudi Ministry of Defense. Chairman of the Board of Directors of SAMI Ahmed al-Khateeb said that the agreement signed between SAMI and Navntia is in line with the Kingdom's Vision 2030 and activates Crown Prince's announcement to loc

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