ANKARA
A Turkish defense systems producer has signed a tripartite agreement with two Saudi companies.
The Turkish Armed Forces Foundation company ASELSAN and the two Saudi firms, King Abdulaziz City For Science and Technology (KACST) and TAQNIA Defense and Security Technologies (DST), a subsidiary of the Saudi development and investment company, have signed a Memorandum of Understanding, ASELSAN announced in an official statement Friday.
Under the deal, the three companies will further increase cooperation in coordination with government agencies.
The agreement was signed by Saudi Arabia’s Prince Dr. Turki bin Saud bin Mohammad al-Saud, president KACST, Dr. Hamad al-Yousefi, chief executive officer TAQNIA DST and Oguz Sener, ASELSAN vice president in the presence of Turkish ambassador to Saudi Arabia, Yunus Demirer, the statement said.
“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 in the the statement.
“The cooperation defined in this agreement will contribute to the Kingdom's defense and security,” Sener said in the statement.
