RIYADH: Raytheon Company and the Saudi Arabia Military Industries Company on Saturday signed a memorandum of understanding to cooperate on defense-related projects and technology development in a ceremony witnessed by King Salman and US President Donald Trump.
The agreement will enable continued global growth for Raytheon in key market areas such as air defense systems, smart munitions and cybersecurity of defense systems, according to a company statement.
This partnership will also contribute directly to Saudi Arabia’s localized defense ecosystem with regional expert capabilities, and will provide a long-term foundation for Saudi Arabia’s economic development.
“This strategic partnership is the next step in our over 50-year relationship in Saudi Arabia and a strong indicator of our continued global growth,” said Thomas A. Kennedy, Raytheon chairman and CEO.
“By working together, we can help build world-class defense and cyber capabilities in Saudi Arabia.”
As part of this new agreement, Raytheon on Saturday announced plans to establish Raytheon Arabia, a Saudi legal entity wholly-owned by Raytheon that will focus on implementing programs to create indigenous defense, aerospace and security capabilities in the Kingdom.
The new company will be based in Riyadh and is expected to include in-country program management, supply and sourcing capabilities, improved customer access and centralized accountability.
The programs will positively impact Saudi and American economies including job creation.
Raytheon, Saudi Arabia Military Industries in strategic partnership
Raytheon, Saudi Arabia Military Industries in strategic partnership
Saudi hospitality boom sparks innovation beyond the plate
- At the Four Seasons Riyadh, Diageo hosted a private tasting at Tonic Bar followed by a 10-course dinner at Julien
- Dinner at Julien paired dishes with drinks made using Tanqueray 0.0, Captain Morgan 0.0, and Guinness 0.0
RIYADH: As restaurants and hotels in Saudi Arabia refine their culinary identities, beverages are increasingly being treated as crafted experiences in their own right, shaped by technique and intention.
At the Four Seasons Riyadh, Diageo hosted a private tasting at Tonic Bar followed by a 10-course dinner at Julien, offering a snapshot of how this evolution is beginning to take shape, as international players and local venues test new approaches to pairing and presentation.
Speaking to Arab News, Nick Rees, marketing director of Diageo MENA, pointed to the rapid growth of the nonalcoholic segment globally and in the region: “There’s a far faster growing percentage of it (the industry) is non-alcohol … There (are) trends globally … A lot of it will be pointed to wellness, mindful drinking.”
Rees said that Saudi Arabia’s fast-developing culinary and hospitality scene calls for beverages that match the level of excellence seen in kitchens across the Kingdom.
“It’s kind of the lack of choices and that’s where we want to be able to provide people the option, and people here absolutely have the same kind of talent and desire as their counterparts behind the kitchen,” he said.
“That’s where our role is to give people the kind of core ingredients for them to be able to work with … we have many more brands that we would love to introduce to the Kingdom.”
The dinner at Julien paired dishes with drinks made using Tanqueray 0.0, Captain Morgan 0.0, and Guinness 0.0, offering a glimpse into the range of styles Diageo is bringing to the market.
Flavor profiles ranged from light and refreshing combinations with cucumber and capers brine to richer, malt-forward blends, each designed to complement the accompanying dishes, from ravioli to black cod.
Rees emphasized that pairing food with thoughtfully crafted beverages is becoming an essential part of the hospitality experience.
“In the Kingdom, we’re looking at giving people the experience that currently is not available to them because I know for sure that the kind of quality and expertise and craftsmanship that can go into creating some of these drinks is absolutely as exciting as the work that the chefs would do with their food,” he said.
Anthony Abou Haider, head of Gulf at Diageo, said the company sees long-term potential in Saudi Arabia’s hospitality sector.
“It’s such an opportunity to be a part of this transformation journey,” he told Arab News. “We’re not looking for a short-term gain, we’re looking at a very long-term gain here because whatever we do now is building for the future.”
