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.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2014
INTERNATIONAL. U.S. strategic conception must evolve away from seeing these conflicts as distinct theaters into seeing them as different aspects of the same theater: the Black Sea.
date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
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