Saudi Arabia will help strengthen the Lebanese army with the delivery of French armament materials: armored vehicles, armed vessels, combat helicopters, ammunition, and communications equipment worth $3 billion.
Faced with threats in stability, the Lebanese Army must be modernized, equipped and trained to defend the integrity of this state friend of France, French MoD issued a statement today. The Kingdom of Saudi Arabia decided last year to involve France in an ambitious program of support to the Lebanese Armed Forces. Defense Minister Jean-Yves Le Drian welcomes the effective launch of the program. Following the payment of the first installment, the contract has just entered its implementation phase. The first deliveries will take place during the month of April 2015.
Saudi Arabia, UAE, Kuwait pumped US$19.5 billion into the Egyptian central bank which enabled French lending institutions to finance Cairos Dassault Rafale fighter purchase
Gilbane Federal has won a $166 million contract for design-build construction project at King Khalid Air Base for the Royal Saudi Air Force. The project requires the design and construction of new facilities, renovation of existing facilities, demolition, and infrastructure upgrades
Arms buys by Saudi Arabia and the UAE may experience a slowdown in 2015 due to falling oil revenues and a completion of major procurement programmes for the current decade. Oil rich Saudi Arabia which is experiencing a reverse ‘oil shock as it finds it cannot control global oil prices any longer presented a deficit budget for the first time since 2009
General Dynamics Land Systems (GDLS) has won a $99.7 million contract for M1A2 (M1A2S) Abrams tanks for the Kingdom of Saudi Arabia
Germany has approved deliveries of tanks, grenade launchers and machine guns to several Arab countries, according to a report in the Sueddeutsche Zeitung newspaper. The report yesterday stated that weapons are to be delivered to countries including the United Arab Emirates, Saudi Arabia and Algeria
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