Saudi Arabia signs warplane deal with United Kingdom during crown prince visit

11 March, 2018, 01:32 | Author: Roderick Gutierrez
  • Saudi Arabia Crown Prince Mohammed Bin Salman Attends Audience With Queen Elizabeth II At Buckingham Palace

The deal has been under discussion for years, but was snagged over the sides' disagreement over the place of the jets' production, with Riyadh wishing to have the jets partially assembled in Saudi Arabia.

"The UK Government has signed a Memorandum of Intent with the Kingdom of Saudi Arabia to aim to finalise discussions for the purchase of 48 Typhoon Aircraft", BAE said in a brief statement to the London Stock Exchange.

"Commenting on Friday's provisional deal announcement, the group said that this was a "‎positive step towards agreeing a contract for our valued partner".

British Defense Secretary Gavin Williamson hailed the development, saying, "The Crown Prince's visit has opened a new chapter in our two countries' historic relationship".

Al-Falih's comments could weaken hopes held by global bankers that Saudi Arabia will choose either NY or London as the worldwide venue for the giant share sale.

It was not immediately clear whether any of those contracts included arms sales, with the spokesman simply adding that the signed deals included "direct Saudi investment in the United Kingdom and new Saudi public procurement with United Kingdom companies".


In what his office described as a "cordial and honest conversation", the archbishop also voiced his concern over the Saudi-led military action in Yemen, which has been the cause of protests during the crown prince's British visit.

In a cable to HM Queen Elizabeth II, Queen of the United Kingdom of Great Britain and Northern Ireland, while wrapping up his UK visit, HRH Prince Mohammed bin Salman expressed profound thanks and gratitude her for the warm welcome and generous hospitality accorded to him and his accompanying delegation.

But there have been protests because of Saudi Arabia's military intervention in Yemen.

He said both countries would be "much safer if you have a strong relationship with Saudi Arabia".

According to the Campaign Against Arms Trade, over the past three years, Britain has licensed $6.4 billion worth of arms sales to Saudi Arabia.

The Eurofighter Typhoon is the most advanced swing-role combat aircraft available and there are nearly 500 in service across Europe.

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