Saudi Arabia is considering investing in the defence industries of South Africa, the chief executive of Saudi Arabian Military Industries (SAMI) confirmed during the African Aerospace and Defence (AAD) exhibition.
Dr Andreas Schwer's comments were made following an earlier vist by SAMI representatives to South Africa to discuss investment in national defence organisation Denel. SAMI's interest has centred on munitions, guided weapons, artillery systems, and optronics and the state-owned organisation has indicated that it would consider establishing a research and development centre in South Africa.
SAMI's expression of interest coincided with comments from Denel acting chief executive Mike Kgobe who indicated that his company is actively seeking equity partners.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes