Scorpion
THINK TANK: SENIOR
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Spain, Saudi Arabia ink pact on naval systems and vessels
Saudi Arabia has signed for the Navantia Avante 2200. Venezuela currently operates the Avante 2200, with the first-of-class seen here. Source: Navantia
Key Points
During a visit to Spain by Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz, a letter of intent (LOI) was signed between Saudi Arabia and Navantia for the design and construction of the corvettes, including the vessels’ combat management systems. A memorandum of agreement (MOA) was also signed between Saudi defence company Saudi Arabian Military Industries (SAMI) and Navantia to create a joint venture (JV) to help deliver the vessels.
According to SAMI, the new JV will focus on a range of tasks, including programme management and combat system integration and installation; system engineering; system architecture, hardware design, and software development; testing and verification; prototyping; and simulation and modelling.
Furthermore, the JV will create approximately 1,000 jobs in Saudi Arabia, with projected revenues to exceed USD8 billion by 2030.
It was reported in 2016 that the negotiations between the two sides had also envisaged the development of a naval base and related support infrastructure to help support the vessels throughout their service with the RSN.
Jane’s estimates that the overall contract value is expected to be worth between EUR2.2 billion (USD2.7 billion) and EUR4.4 billion including subsystems, life-cycle maintenance, and crew training programmes.
Exact details of the planned Saudi variant of the Avante 2200 are not yet known. Venezuela operates the Avante 2200 in the form of the Guaiqueri-class offshore patrol vessels.
http://www.janes.com/article/79254/spain-saudi-arabia-ink-pact-on-naval-systems-and-vessels
Saudi Arabia has signed for the Navantia Avante 2200. Venezuela currently operates the Avante 2200, with the first-of-class seen here. Source: Navantia
Key Points
- Saudi Arabia has signed an agreement with Navantia on procurement of corvettes, with new industrial partnership with Navantia
- The development of industrial relationship works to position Saudi industry for future naval procurements and systems development
During a visit to Spain by Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz, a letter of intent (LOI) was signed between Saudi Arabia and Navantia for the design and construction of the corvettes, including the vessels’ combat management systems. A memorandum of agreement (MOA) was also signed between Saudi defence company Saudi Arabian Military Industries (SAMI) and Navantia to create a joint venture (JV) to help deliver the vessels.
According to SAMI, the new JV will focus on a range of tasks, including programme management and combat system integration and installation; system engineering; system architecture, hardware design, and software development; testing and verification; prototyping; and simulation and modelling.
Furthermore, the JV will create approximately 1,000 jobs in Saudi Arabia, with projected revenues to exceed USD8 billion by 2030.
It was reported in 2016 that the negotiations between the two sides had also envisaged the development of a naval base and related support infrastructure to help support the vessels throughout their service with the RSN.
Jane’s estimates that the overall contract value is expected to be worth between EUR2.2 billion (USD2.7 billion) and EUR4.4 billion including subsystems, life-cycle maintenance, and crew training programmes.
Exact details of the planned Saudi variant of the Avante 2200 are not yet known. Venezuela operates the Avante 2200 in the form of the Guaiqueri-class offshore patrol vessels.
http://www.janes.com/article/79254/spain-saudi-arabia-ink-pact-on-naval-systems-and-vessels