Military electronics specialist Aselsan, Turkey’s biggest defense firm, signed cooperation deals with two Saudi companies, further deepening efforts to penetrate into Gulf and Middle Eastern markets.
Aselsan said it signed a tripartite agreement with the two Saudi establishments, King Abdulaziz City For Science and Technology (KACST) and TAQNIA Defense and Security Technologies (DST), a subsidiary of the Saudi development and investment company. Officials said the deal aims to boost defense cooperation.
In a written statement, Aselsan said the three companies will further increase cooperation in coordination with government agencies under the deal.
The agreement was signed by Saudi Arabia’s Prince Dr. Turki bin Saud bin Mohammad al-Saud, president of KACST, Dr. Hamad al-Yousefi, chief executive officer of TAQNIA DST and Oguz Sener, Aselsan’s vice president.
“The agreement is a start of an important strategic partnership that will have a positive impact on technology and innovation capabilities in the Kingdom,” al-Saud said.
Said Sener: “The cooperation defined in this agreement will contribute to the [Saudi] Kingdom’s defense and security.”
Aselsan is owned by the state-controlled Turkish Armed Forces Foundation.
Aselsan inaugurated a joint venture production plant in Jordan last December with the hope of creating a gateway to Middle Eastern and North African markets.