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Saudi Arabia launches military industries company - state TV
May 17, 2017 / 8:26 PM / 7 months ago

Saudi Arabia launches military industries company - state TV

DUBAI, May 18 (Reuters) - Saudi Arabia on Wednesday announced the launch of a Saudi Company for Military Industries aimed at providing up to 50,000 jobs by 2030, state-owned Ekhbariya TV reported.

”The company’s contribution to the kingdom’s gross domestic product is expected to reach more than 14 billion riyals ($3.7 billion) by 2030, Ekhbariya added in a news flash.

Reporting By Noah Browning; Editing by Kevin Liffey

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