Saudi Arabia inked a deal with the fundamental unit of U.S. weapons maker Raytheon Saturday to localize maintenance of its Patriot missile defense system, as a part of efforts to spice up Saudi’s defense industries and its broader economy.
Crown Prince Mohammed bin Salman intends to diversify the dominion away from its dependence on oil exports and wants Riyadh to produce or assemble half its defense gear regionally, aiming to generate 40,000 jobs for Saudis by 2030.
Saudi Arabia is among the prime five defense spenders on this planet. It’s one among several U.S. associates to use Patriot, a floor to air missile system giving defense against ballistic missiles and different perils.
Ahmed al-Ohali, governor of Saudi Arabia’s General Authority for Military Industries (GAMI), mentioned the deal with Raytheon reflected the authority’s efforts to amplify Saudi’s military industries and its analysis and technology abilities.
Ahmed didn’t say how many jobs would be involved, the worth of the contract or the location of any work starts moved or localized.
Riyadh-based Raytheon Saudi Arabia supports the Dominion Vision 2030 economic plans by creating skilled jobs for Saudis in defense, aerospace, and cybersecurity via alliances with Saudi private sector firms and local universities, following the company’s website.