Saudi wants to buy more tanks from Germany
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Sun June 17, 2012 12:45 pm
china wholesale market

INTERNATIONAL. Saudi Arabia wants to buy 600 to 800 Leopard battle tanks from Germany, at least twice the number previously expected, a German newspaper reported on Sunday.

A deal for around 300 tanks was about to be signed, Bild am Sonntag newspaper said in a report sent to Reuters ahead of publication.

The newspaper said that while there was opposition to the deal in Germany's Chancellery, Foreign Ministry and Defence Ministry, there was support for it within the Economy Ministry.

"The Saudi order could secure the future of German tank-makers Krauss-Maffei Wegman and Rheinmetall, which urgently need new markets because of the restructuring of the German army," said Bild am Sonntag.

A German government spokeswoman declined to comment.

Last year, Germany denied reports that it had agreed to export 270 Leopard tanks to Saudi Arabia. Exports of military equipment cannot be officially acknowledged as they are confidential and disclosure is punishable by a fine or jail.

Opposition lawmakers heaped pressure on Chancellor Angela Merkel's government after reports it had cut a secret deal to sell the tanks, saying it contravened the country's export guidelines for military hardware.

Arms exports are a sensitive issue in Germany given its Nazi past as well as the role arms makers like Krupp played in feeding 19th and 20th century wars with exports to both sides of conflicts.

Germany has refrained from exporting heavy weapons to Gulf states in the past, given its close relationship with Israel and more recently because of the so-called Arab Spring.

Citing industry sources, Bild am Sonntag said Saudi Arabia wanted to sign the deal by July 20, when the Ramadan festival starts.

Spanish firm General Dynamic/Santa Barbara would produce the tanks under licence by the German firms, the newspaper said

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 4, 2015
UAE. July data suggested that the UAE's non-oil private sector regained some of the growth momentum that was lost at the end of the second quarter; Output and new orders both rose at sharper rates, contributing to a robust overall improvement in business conditions.
date:Posted: August 4, 2015
EGYPT. Latest data painted a bleak picture; Business conditions worsened amid declines in output, new orders and employment, although the respective rates of contraction were only slight.
date:Posted: August 4, 2015
SAUDI ARABIA. Stronger growth of the sector as a whole was mainly driven by sharper expansions in both output and new orders, while purchasing activity also rose more quickly; However, data for employment bucked the general trend, as the rate of hiring eased to a 14-month low.
SAUDI ARABIA. Office and residential sectors are positioned for further rental growth during remainder of 2015; Hotel and retail sectors appear closer to the peak; Residential market remains mixed, with apartments seeing continued rental growth while villa rents have declined.
dhgate