Saudi Arabian Military Industries (SAMI) signed a memorandum of agreement (MoA) in 2019 with Hanwha Group to form a joint venture (JV).
The JV will focus on localizing defense products in the Kingdom like the BIHO II air defense system.
The note provides a comprehensive overview of the following aspects:
- The status of the JV
- The progress made concerning BIHO II localization
- The Saudi stance on BIHO II performance