Saudi Arabia makes $1bn bid for partnership with South African defence group Denel #Defence #Germany

2018/08/11 – Saudi Arabia has made a $1-billion bid for a broad partnership with South African State-owned defence group Denel that would include the acquisition of a minority stake in a joint venture with Germany’s Rheinmetall, a source familiar with the offer said.Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defence spender, is seeking partnerships to develop its own domestic defence industry with the goal of localising half of its military spending by 2030. Continuer à lire … « Saudi Arabia makes $1bn bid for partnership with South African defence group Denel #Defence #Germany »