Riyadh - SPA
Saudi Arabian Military Industries and Navantia Launch SAMI Navantia Naval Industries

Saudi Arabian Military Industries (SAMI) and Navantia S.A. announced the
launch of their joint venture, ‘SAMI Navantia Naval Industries,’
following the agreement signed by both parties to design and build 5
Avante 2200 corvettes with Combat Management System for the Ministry of
Defense of Saudi Arabia. The realization of this deal came about during
the visit of His Royal Highness Prince Mohammed bin Salman bin
Abdulaziz, Crown Prince, Vice President of the Council of Ministers and
Minister of Defense, to the Spanish capital, Madrid, in April this year.

The signing, which took place yesterday, and the official launch of
the new joint venture was made by Ahmed Al-Khateeb, Chairman of SAMI,
and Gonzalo Mateo-Guerrero Alcazar, Chief Operating Officer of Navantia
S.A., along with officials from both entities.

With a strategic emphasis on building local capacities, SAMI
Navantia Naval Industries will focus on program management, naval combat
system integration, system engineering and architecture, hardware
design, software ‎development, testing and verification, prototyping,
simulation, and modelling, in addition to the installation and
integration of combat systems on the last two vessels of the Avante 2200
project, as well as the logistical support and training programs.

The launch of this project comes in line with the announcement of
HRH Crown Prince Mohammed bin Salman bin Abdulaziz to localize 50% of
the total military spending by 2030, and the new joint venture will
contribute to maintaining the readiness of the Saudi military fleet. In
addition, it will create jobs and training opportunities for Saudi
nationals.

For his part, the Chief Operating Officer of Navantia S.A. said:
“Navantia is proud of being the first company to sign a binding Joint
Venture with SAMI. The creation of this partnership will allow both
parties to develop opportunities, both in Saudi Arabia and
internationally.”

The final stage of the fourth and fifth corvettes will be developed
in Saudi Arabia by the Joint Venture agreed by the two sides.

The Avante 2200 corvettes have been adapted to the Royal ‎Saudi
Naval Forces requirements, providing high-end performances, including
excellent ‎seaworthiness, high survivability, as well as the capability
to operate in the extreme ‎temperatures of the region, all within an
optimized lifecycle cost.‎

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