Saudi ministry of investment signs 12 MoUs during the World Defense show

REUTERS

The partnerships aim to advance manufacturing and systems development, promote technology transfer, localize capabilities of the firms

Staff Writer, Arab News

March 8, 2022

PHOTO

RIYADH: Saudi ministry of investment has signed a total of 12 memorandum of understandings, or MoUs, in the aerospace and defense sector during the World Defense show, according to a statement.

The partnerships aim to advance manufacturing and systems development, promote technology transfer, localize capabilities of the firms, build local expertise in the aerospace and defense sector, and boost investment in the sector in general, it added.

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