Hanwha joins forces with Saudi Arabia on defense

Guest Reports

Published: 29 Feb. 2024, 13:12 Updated: 23 May. 2024, 11:14

Hanwha joins forces with Saudi Arabia on defense

Hanwha showcased its advanced aircraft engine at the World Defense Show 2024 [HANWHA AEROSPACE]

Hanwha Aerospace has entered into a Memorandum of Understanding (MOU) with Saudi Arabia’s Ministry of National Guard to explore industrial opportunities in land systems.

It is strengthening and growing its partnership with the Kingdom of Saudi Arabia to support the Kingdom’s goal to localize the defense sector.

The MOU, signed during the World Defense Show 2024 (WDS 2024) held in Riyadh, Saudi Arabia, marks a significant milestone in Hanwha’s strategic alignment with the Kingdom of Saudi Arabia to respond to the increasing security demands and foster local defense industries in the Middle East.

Intended to support increasing current and future demand due to regional security needs in the Middle East, Hanwha and the Saudi Ministry of National Guard have signed the MoU to explore the partnership to further the Ministry’s mid-to-longterm acquisition goals in a variety of disciplines.

The scope of the potential partnership includes the production of armored vehicles as well as advanced monitoring and reconnaissance systems, leveraging robotics and satellite technologies.

“We are excited to begin exploring opportunities with the Ministry of National Guard,” said a Hanwha official.

“By supporting the military sector, we hope to develop our strategic cooperative relationship over the medium to long term and contribute to Saudi Arabia’s industrialization and security.”

Hanwha aims to fortify a partnership that not only meets Saudi Arabia’s needs but also fosters long-term resilience and innovation in the defense sector.

The company is committed to merging cutting-edge defense technologies with customer requirements.

Hanwha has decades of experience designing, developing, testing and successfully manufacturing modern defense solutions.

It is adopting a cooperative approach to support the localization of key products, with private sector cooperation aimed at expediting the achievement of the customer’s objectives.

With geopolitical crises increasing security demands in key Middle East regions, Hanwha Group is set to present defense capabilities on land, in the air, at sea and in space to protect customers from various threats.

Under the slogan “Opening the Future of Advanced Engine,” Hanwha recently participated in WDS 2024 to explore a long-term partnership with the Kingdom of Saudi Arabia, which has made localization of the defense sector a key objective in its Vision 2030.

Hanwha presented its advanced aircraft engines, AESA radars and aviation electronics equipment at the exhibition.

It also unveiled a roadmap for the development and production of advanced engines beginning in the 2030s, leveraging the manufacturing capabilities accumulated over the past 40 years.

BY JEONG SEONWU [jeong.seonwu@joongang.co.kr]

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