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Among the highlights of day three of the World Defense show:
#1- Sami + Kia will work together on military vehicles: The Saudi Arabian Military Industries (Sami) signed an agreement with South Korea’s second-largest automaker Kia for the production of bare chasses for light tactical vehicles, state news agency SPA reports. Further details on the planned project were not provided.
#2- Saudi Chemical Co. signed a EUR 4 mn contract with Bosnia’s Tehnički Remont Bratunac to localize the production of military fuses and mortar rounds, it said in a disclosure to Tadawul yesterday. The one-year contract covers the know-how, local production and the completion of the planned production line for the fuses.
ALSO- Saudi Chemical also signed a five-year MoU with the National Company for Mechanical Systems to explore developing joint projects aimed at boosting defense industries, it said in a separate disclosure to Tadawul. No further details were disclosed.
#3- We (kind of) now know what the Barzan agreement is about: Sami also signed a MoU with Qatar’s Barzan Holdings — the procurement arm of Qatar’s Defense Ministry. It sees both parties “exploring potential investments” in the defense sector, according to a statement by Sami. They will also exchange cooperation in maintenance, repair and overhaul of activities related to the sector. The agreement is the first of its kind between the two defense firms in the neighboring countries.
ALSO FROM THE EXPO- The Defense Ministry also signed contracts with several defense firms, including South Africa’s communication intelligence systems provider Hensoldt Gew, German defense contractor Rheinmetall’s Spanish subsidiary Rheinmetall Expal, Bosnian ammunition maker Igman and South Korea’s defense-related products manufacturer Poongsan Corp.
^^ Today is the fourth and final day. We’ll be back on Sunday with a wrapup.
