IDEX 2019: SAMI, Naval Group sign collaboration agreement

17 February 2019

French naval firm Naval Group and Saudi Arabia's Saudi Arabia Military Industries (SAMI) signed a memorandum of agreement (MoA) on 17 February to create a joint venture (JV) in the kingdom focused on the naval sector.

Under the proposed joint venture, the two companies will work on supporting the Royal Saudi Naval Forces (RSNF), as well as transferring skills and technology to Saudi Arabia to allow work to be undertaken in-country.

The formation of the JV is part of the leadup to the signing of a contract later this year by the Saudi government for the acquisition of vessels that will be built in-country.

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