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The new company will develop, engineer and manufacture frigates, corvettes (pictured) and possibly submarines, the chief executive officer of Saudi Arabian Military Industries, Andreas Schwer, said in Abu Dhabi.

Abu Dhabi

Saudi-French joint venture to build warships in the kingdom

Written by Bloomberg

Sun 17 Feb 2019Wed 6 Oct 2021

Saudi government-backed firm will hold a 51 percent stake and the French naval defence company will have the rest

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