Turkish defense company signs deal with two Saudi firms

ANKARA - Anadolu Agency

ASELSAN is Turkey’s leading defense firm and has long been an incubator of new technology. DAILY NEWS photo

Turkish Armed Forces Foundation company Aselsan has signed a tripartite agreement with two Saudi companies, King Abdulaziz City For Science and Technology (KACST) and TAQNIA Defense and Security Technologies (DST), a subsidiary of the Saudi development and investment company, to boost ties. 

Aselsan announced the signing of the memorandum of understanding in an official statement on July 10.

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 of KACST, Dr. Hamad al-Yousefi, chief executive officer of TAQNIA DST and Oğuz Şener, the 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 statement.

“The cooperation defined in this agreement will contribute to the Kingdom’s defense and security,” Sener said in the statement.