NAWAIWAQT GROUP

    
    

 
 
 
German-Saudi deal twice as big as planned
 
June 18, 2012
 
 

FRANKFURT - Saudi Arabia wants to buy 600-800 Leopard battle tanks from Germany, more than twice as many as originally envisaged, the Sunday newspaper Bild am Sonntag reported.

Saudis wanted to purchase around 300 Leopard-2 tanks, Germany's main battle tank which is also produced under licence in Spain. With up to 800 tanks, the deal would be worth $12.6b, and one of the biggest-ever for the German defence industry, Sonntag reported.
While there is opposition to the deal in the Chancellery and the Foreign and Defence ministries, there was support for it within the Economy Ministry, it said. A deal for a first tranche of 300 tanks is ready for signing and the Saudis want to the whole deal wrapped up by July 20, when the festival of Ramadan begins, the newspaper said.

 
 
on epaper page 17
 
Topics
 
german saudi deal planned
 
more in Business
 
Comments
 
 
NAWAIWAQT GROUP