PARIS: Saudi defense chiefs signed a number of strategic partnerships with major global companies while taking part in the prestigious Paris Air Show.
The pavilion of the Saudi Arabian Military Industries (SAMI) company received a succession of key aerospace-industry figures during the Kingdom’s first exhibition appearance at the world’s largest aviation event.
High-profile visitors welcomed by SAMI chief executive offer, Andreas Schwer, included chairman of the SAMI board of directors, Ahmad Al-Khatib, deputy chairman of the SAMI board of directors and chairman of the board of directors of the Local Content and Government Procurement Commission, Dr. Ghassan Al-Shibl, and president of the General Authority for Civil Aviation, Abdulhadi bin Ahmed Al-Mansouri.
The pavilion also received a senior delegation from the Saudi Presidency of State Security, along with the director general of Saudi Arabian Airlines, Saleh bin Nasser Al-Jasser.
During the second day of the air show, which runs until June 23 at Le Bourget airport in Paris, SAMI officials took part in meetings and signed strategic partnerships with global businesses involved in the four areas of the company’s work, namely air and ground systems, weapons, missiles and defense electronics.
At a signing ceremony in the SAMI pavilion, company chiefs also put pen to paper on a joint project agreement with US aerospace and defense company L3 Technologies for cooperation in the field of electro-optical and infra-red technology and special task systems inside Saudi Arabia. In February, the two sides signed a memorandum of understanding establishing the joint project.
Saudi defense partnerships signed at Paris Air Show
Saudi defense partnerships signed at Paris Air Show
Saudi Arabia stops ballistic missiles aimed at Prince Sultan Air Base
- Saudi Arabia’s cabinet on Tuesday strongly condemned Iranian attacks targeting the Kingdom
RIYADH: Saudi Arabia shot down seven ballistic missiles, the defense ministry said early Wednesday.
Six of the missiles were aimed at Prince Sultan Air Base, and the other was intercepted while heading to the Eastern Province.
Seven drones were knocked down heading to the Shaybah oil field in the Empty Quarter.
Thirteen drones were also shot down in Al-Kharj, Hafar Al-Batin, and other parts of the Eastern Province, the ministry said.
The war, launched by the US and Israel on Iran, has escalated, impacting regional stability and sparking a global energy crisis.
Saudi Arabia’s cabinet on Tuesday strongly condemned Iranian attacks targeting the Kingdom, Gulf states and other countries in the region, saying they threaten regional security and violate international law.
The cabinet session, chaired by Crown Prince Mohammed bin Salman via videoconference, reaffirmed Saudi Arabia’s right to take all necessary measures to protect its security, sovereignty and territorial integrity.
Brent crude hit a historic $120 a barrel on Monday before settling back down to $90 a barrel on Tuesday.
Amin Nasser, CEO of Aramco, the world’s top oil exporter, told reporters: “There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on ... the more drastic the consequences for the global economy.”
The White House said that gas prices will plummet once US objectives in the war are reached.
The conflict could stretch on for months despite US President Donald Trump saying that it could be drawing to a close. But Iran’s Revolutionary Guard has said it will end when they decide.
