AFP

ASELSAN signs deal with Saudi tech firm to form Saudi defence company February 22, 2016

ASELSAN and the Saudi Arabian technology company TAQNIA Defence and Security Technologies (DST), have signed a partnership deal to establish the Saudi Arabian Defence Electronics Company. The company aims to meet the demand for defence technology in Saudi Arabia and throughout the region by enabling the design, development, production and sales of power plants, radar, electronic weaponry and electro-optic technologies with highly advanced technologic infrastructure and hardware. The limited company will be established in Saudi Arabia with 50 percent partnership held by both parties. The agreement was signed by Hamad Alyousefi of TAQNIA DST and ASELSAN's CEO Mustafa Murat Şeker, with King Abdul-Aziz, the president of the Saudi Arabian Science and Technology Centre (KACST),TAQNIA's CEO Prince Turki Saud Bin Mohammed Bin Al-Saud and the Turkish Defence Industry Undersecretary Prof. İsmail Demir signing as witnesses to the agreement. Executives from both countries attended the signing ceremony.

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