Saudi Arabia is partnering with Denil's South African group of $ 1 billion


Thanks for reading

We are now starting with details

CAIRO – Saudi Arabia has offered a $ 1 billion offer to partner with South African state-owned Denil Group, which includes a minority stake in a joint venture with German Rheinmetal, a well-informed source said on Tuesday.

Saudi Arabia seeks partnerships for the development of the local defense industry and wants to channel half of its military spending to domestic resources by 2030.

According to the source, who demanded that because of the sensitivity of conversations, Saudi Arabia is striving to buy a stake in Rheinmetall Denil for ammunition, which is 49%.

Thank you for reading the news about Saudi Arabia in order to offer a billion dollars to partner with the Denil South Africa group in Bay 365 and to inform you that the content of the theme has been written by the seventh day and that it may have been completely transferred or cited from it and that you can read and track news about this source from the main source of the link on the seventh day, and not Responsible for the content of these happy-happy news for Happy Day.

Subscribe to the newsletter to get the most important news when posting

Follow us on social networking sites

Source link