Saudi Arabia, France finalizing $12 billion in deals for ships, helicopters, nuclear reactors
Source: Associated Press
Saudi and French officials are finalizing negotiations on contracts for patrol ships, border guard helicopters, planes and two possible nuclear reactors worth more than $12 billion.
The announcement comes during a high-level Saudi visit to France on Wednesday, as Saudi Arabia is leading a military campaign against extremists in neighbouring Yemen.
French Foreign Minister Laurent Fabius said Wednesday that the two have agreed to sell French patrol boats "to enhance the capability of the Saudi Coast Guard, which is today facing growing threats."
A French government statement says the two countries are finalizing contracts for 23 helicopters for the Saudi Interior Ministry, 50 Airbus jets, and a study for two new-generation nuclear reactors, and nuclear waste and nuclear safety training.
Read more: http://www.vancouversun.com/business/Saudi+Arabia+France+finalizing+billion+deals+ships+helicopters/11162663/story.html
Saudi Arabia said they would match Iran's nuclear weapons capabilities, and now they're creating the infrastructure to do that.
bananas
(27,509 posts)Thu Jun 25, 2015 2:04am BST
Gulf states get more assertive as Iran closes in on nuclear deal
DUBAI/RIYADH | By Noah Browning and Angus McDowell
Gulf Arab states have long feared a sanctions-free Iran and as a nuclear agreement edges closer they have become more aggressive in preparing for a resurgence of their main regional foe.
<snip>
They are also concerned that U.S. President Barack Obama's push for a nuclear deal in return for sanctions relief shows their strongest ally may no longer help restrain Iran.
"The deal is inevitable is their calculation. It could be delayed a week or two, or a month. But everybody in the region has prepared themselves for the reality that the deal is a done thing," said Mustafa Alani, a security analyst close to the Saudi Interior Ministry.
<snip>
"Obama is going to be remembered as the U.S. president who restored relations with Iran. But he may also be remembered as the U.S. president who lost his traditional allies in the region," said Sami al-Faraj, a Kuwaiti security adviser to the GCC.
<snip>
Little Tich
(6,171 posts)countries in the world.
EX500rider
(10,856 posts)Might as well get the sale if they are going to buy them anyway.
hibbing
(10,109 posts)Another despotic "royal" family supported by western interests, yippie.
Peace
cynzke
(1,254 posts)Trillions of our tax dollars spent and the blood of our citizens shed to hold up this monarchy and they cheat us by contracting with other countries.
Comrade Grumpy
(13,184 posts)Cozying up to its billion-dollar Saudi buddies.