On Tuesday, Riyadh — The Ministry of Defense (MoD) announced signing ten deals worth over SR7 billion with local and international suppliers. The latest procurements will support the armed forces’ capabilities and boost combat effectiveness. The statement came as part of the Ministry’s participation in Riyadh’s World Defense Show (WDS) 2022.
On the third day of WDS, the Ministry of Defense and Korean defense company Hanwha signed a contract worth SR3 billion. The deal supports the Royal Saudi Land Forces (RSLF) defense capacities in addition to localization and supply chain services.
Dr. Khaled Al-Biyari, the Executive Affairs Assistant Defense Minister, and Lt. Gen. Yung Kwan of Hanwha signed the agreement.
The MoD also signed three contracts for the Royal Saudi Air Forces maintenance services worth SR1.700 billion with Alsalam Aerospace Industries at World Defense Show 2022.
The Ministry signed an SR800 million contract with the NAVAL Arabian Group for vessel technical support services for RSNF.
Additionally, the MoD signed an SR400 million deal with the GDC Middle East for technical support of the C130 aircraft for the RSAF.
The General Directorate of Arms and Ammunitions signed an SR430 million contract with Norinco, a Chinese company. Norinco will supply various types of ammunition after Al Suwayed and Norinco Vice President Sho Hong Yo signed the agreement.
The Ministry and Poongsan Corporation signed an SR460 million contract for various types of ammunition. Al Suwayed and Poongsan Corp signed the deal.
Finally, the MoD signed an SR250 million contract with LIG NiX1. The Korean defense company will supply electro-optical defense systems for the Royal Saudi Naval Forces.
Dr. Al-Biyari said these contracts are as per directives of Crown Prince Muhammad Bin Salman, deputy prime minister and minister of defense. And Vice Minister Prince Khalid Bin Salman’s orders to improve forces’ readiness, sustain defense systems and localize military manufacturing.