Saudi SCOPA & Airbus to jointly produce helicopters in Saudi Arabia

Middle EastSaudi SCOPA & Airbus to jointly produce helicopters in Saudi Arabia

RIYADH, Saudi Arabia: The Saudi Defence Company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the Kingdom of Saudi Arabia.

The deal was announced on the sidelines of the Saudi-French Investment Forum being held in Paris on Monday.Saudi SCOPA & Airbus to jointly produce helicopters in Saudi Arabia

The Chief Executive Officer (CEO) of SCOPA Fawaz Alakeel told that the Company expects to manufacture more than 100 helicopters and create 8,500 jobs in Saudi Arabia.

Fawaz Alakeel said that SCOPA expects investments worth more than 25 billion Saudi Riyals (US$ 6.67 billion) over next 20 years.

The CEO SCOPA said that the first helicopters produced at joint SCOPA and Airbus factories in Saudi Arabia would be seen with 24 months of next February’s World Defense Show, where he said the “foundation stone” for the project would be laid.

The event is scheduled to be held in Riyadh amid the Kingdom’s push to localize 50 percent of its military spending by 2030.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Commerce Minister Dr. Gohar Ejaz Champions Pakistan-China Trade During Visit to Beijing

BEIJINC, China: The Caretaker Minister of Commerce Dr. Gohar Ejaz is leading a more than 20-member delegation currently in China.This endeavor follows the...

Indian Supreme Court confirms that India had never been a secular state

Monitoring Desk: The decision of the Indian Supreme Court refusing to recognize the special status of Article 370 reconfirmed that India had never been...
A dangerous game of hateful narrative

A dangerous game of hateful narrative

By Agha Iqrar HaroonThree-time former prime minister Mian Nawaz Sharif when landed back from London to Lahore, declared the policy of restraint, forgiveness, and...

Indian Supreme Court Upholds Abrogation of Special Status of Jammu and Kashmir

By Padmakshi SharmaThe Indian Supreme Court on December 11 upheld the validity of the Union Government's 2019 decision to repeal the special status of...

AUD to INR: Australian Dollar to Indian Rupee Today – 11 December 2023

The Australian Dollar (AUD) was trading at 54.69 as per the Indian Rupee (INR) on Monday.Currently, Indians are now the second-largest migrant group in...