Saudi signs US$3 billion deal with UK to buy trainer jets
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Wed May 23, 2012 12:18 pm

SAUDI ARABIA. Saudi's defence ministry has signed a US$3 billion deal with Britain to buy trainer jets for the kingdom's air force, SPA state news agency reported on Wednesday.

The deal also includes simulators, ground and training equipment and spare parts, SPA said, quoting a defence ministry official.

The official said the new jets would help qualify Saudi pilots "to use fourth generation jet fighters in full professionalism and efficiency."

Saudi Defence Minister Prince Salman bin Abdul Aziz in April visited Britain, a major supplier of weapons to the oil-rich kingdom.

Saudi Arabia in 2006 ordered 72 Eurofighter Typhoon fighters in a deal valued at $32.9 billion. The multi-role aircraft is built by a consortium of European firms in which Britain's BAE Systems has a 33-percent share.

The BBC said the deal is for Hawk jets from BAE Systems and will be formally announced later in the day.



date:Posted: November 26, 2015
UAE. Legal experts say move will influence oil major investment plans in Iran ahead of the lifting of sanctions; Lawmakers likely to be mindful of "missed opportunities" in Iraq and Lebanon.
date:Posted: November 25, 2015
UAE. EMAAR, Shell, and Emirates lead The LinkedIn InDemand list of the most sought-after employers in the region based on millions of interactions from members; Rather than relying on questionnaires, InDemand measures the actual behaviour of professionals as they explore their career journey.
date:Posted: November 24, 2015
INTERNATIONAL. Commodities still under pressure; Oversupply in the oil market continues to be a concern; Gold consolidating as December rate hike now priced in.
UAE. -3.5% annual rate of change in values at the end of UAE. -3.5% annual rate of change in values at the end of Q3 2015; Rents stabilise with average rents across freehold areas down 3.2%; Transactions creep upwards; Affordability challenges remain.
Monogram Ring