19th July 2019
Felipe VI with Mohammed bin Salman
Madrid News Main News

Saudi Arabia has signed deal for 5 Spanish-built warships

Saudi Arabian Military Industries has announced that it has signed a deal with Spain’s state-owned shipbuilder, ‘Navantia’, to supply five warships.

Felipe VI with Mohammed bin Salman
Saudi Arabia’s crown prince Mohammed bin Salman (R) smiles as he poses with Spain’s king Felipe VI at La Zarzuela palace in Madrid on April 12, 2018. Saudi Arabia’s crown prince arrived in Madrid on the last stop of his global diplomatic charm offensive in a bid to project a new liberal image of his conservative kingdom. During his short visit, it is understood that Spain and Saudi Arabia signed five memorandums of understanding in the areas of culture, science, employment, air transport and defence. (AFP / Pierre-Philippe Marcou)

The announcement formalises a plan that was agreed back in April when the crown prince of Saudi Arabia, Mohammed bin Salman, visited Spain and met with then-Prime Minister Mariano Rajoy and Defence Minister Maria Dolores de Cospedal. The crown prince also attended a luncheon with Spain’s King Felipe VI at the Zarzuela Palace.

The warships agreement was valued at 2 billion euros ($2.3 billion).

The state-owned company says Navantia will build five Avante 2200 corvettes for the Royal Saudi Navy, starting in the autumn, and finishing the work by 2022. The contract es expected to provide up to 6,000 jobs during the five years.

 

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