Saudi Arabian Military Industries Forms Venture with Navantia

Posted on 07/23/2018


State-owned Saudi Arabian Military Industries (SAMI) signed a deal with Navantia, a Spanish state-owned shipbuilding company, to form a joint venture to construct five warships – the building of five Avante 2200 Corvettes. SAMI and Navantia agreed to a framework of cooperation back in April 2018. The deal is estimated to be roughly €1.8 billion. […]