Saturday 17 November 2018
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leadership - 9 days ago

Saudi Makes $1bn Bid For Partnership With South Africa Defense Group, Denel

Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group, Denel, that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall,  a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defense spender, is [ ] The post Saudi Makes $1bn Bid For Partnership With South Africa Defense Group, Denel appeared first on Leadership Newspaper and Nigerian News Network.

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