The Saudi Ministry of Defense has signed 10 deals worth $1.8 billion (SAR 7 billion) with local and international companies at the World Defense Show 2022 (WDS 2022) in Riyadh, the state-run Saudi Press Agency reported.
Among the deals signed at the WDS 2022, the Saudi Ministry of Defense inked a deal worth $799.66 million (SAR 3 billion) with Korean defense firm Hanwha to support the defense capabilities, localisation, and supply chain services of the Royal Saudi Land Forces.
The Saudi MoD also signed three different contracts worth $453.12 (SAR1.7 billion) with Alsalam Aerospace Industries to provide maintenance services for the Royal Saudi Air Force.
In addition, another contract worth $213.23 million (SAR 800 million) was signed with the Naval Arabia Group to provide vessel technical support services to the Royal Saudi Navy Forces.
The Ministry of Defense also signed a $122.61 million (SAR 460 million) contract with Poongsan Corporation to secure various types of ammunition for the General Directorate of Arms and Ammunitions.
Furthermore, a deal worth more than $114.61 million (SAR 430 million) was signed with China-based Norinco, aimed at securing different types of ammunition for the General Directorate of Arms and Ammunitions.
The Saudi MoD also inked a deal worth $106.61 million (SAR 400 million) with the GDC Middle East to provide technical support for the C130 aircraft for the Royal Saudi Air Forces.
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