Saudi Arabian Military Industries (SAMI) and Navantia S.A. signed a Memorandum of Agreement (MoA) on 12 April to create a joint venture (JV) that will manage and localize any naval combat systems activity including integration and installation and will contribute in maintaining the readiness of the Saudi military fleet. Both parties also inked a Letter of Intent (LoI) to design and build 5 Avante 2200 corvettes, including Combat Management System, for the Ministry of Defence of Saudi Arabia. The agreement comes in line with Saudi Arabia’s Vision 2030 which aims to localize 50% of the total military spending by 2030. 

Once operational, new joint venture (JV) will focus on program management and combat system integration and ‎installation, system engineering, system architecture, hardware design, and software ‎development, testing & verification, prototyping, simulation, and modelling.