Saudi Arabia to invest more than $20 billion in its military industry over next decade

DUBAI (Reuters) – Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom’s military industry regulator said on Saturday.

The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to spend 50% of the military budget locally by 2030.Read more…

admin

+ postsBio ⮌

• admin

  https://bharatshakti.in/author/admin/

  मंगोलिया सीमेजवळ चीनचे 100 हून अधिक ICBM तैनात: पेंटागॉन अहवाल
• admin

  https://bharatshakti.in/author/admin/

  युक्रेनच्या ड्रोन हल्ल्यात रशियन शॅडो फ्लीट टँकर नष्ट
• admin

  https://bharatshakti.in/author/admin/

  खरेदी सुधारणांमधील वेग, स्वावलंबन, उद्योग सहकार्यावर संरक्षण मंत्रालयाचा भर
• admin

  https://bharatshakti.in/author/admin/

  नाग MK-2 ने सज्ज झोरावर रणगाडे लवकरच भारतीय सैन्यात समाविष्ट होणार