US magazine Defense-News, a publication specialized in defense issues, reported that Turkey’s defense and procurement officials are expecting to finalize a large defense export contract with Saudi Arabia, but its contents will remain top secret.
Turkish Defence Minister Fikri Isik has said the defense export contract with Saudi Arabia will be the largest-ever single export deal for the Turkish industry.
The Turkish government is working on a broad plan to boost Turkish defense exports, but financing is a major problem for potential markets,” he said.
Meanwhile , a senior Turkish official in the procurement sector refused to comment on the content of the agreement saying “It is too early to tell what the contract will entail. But he confirmed that “negotiations with the Saudis are in their final stages now.”
A Turkish defense industry source said the deal may involve naval platforms.
Saudi Arabia is among Turkey’s top 10 defense export markets, but its purchases from the Turkish industry are relatively small – worth less than $ 50 million a year.
Turkey and Saudi Arabia discussed defense industry cooperation at a top-level meeting in the Saudi capital at the end of 2015 during Turkish President Recep Tayyip Erdogan’s state visit to Saudi Arabia.
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