Source: Navy Recognition
According to Spanish media, Saudi Arabia has finally signed the contract for five Avante 2200 corvettes for the Royal Saudi Navy. The deal, worth 1.8 Billion Euros, was signed during the visit of Saudi Crown Prince Mohammed bin Salman in Madrid, Spain. The negotiations started three years ago. The program will start at the end of 2018 and the last vessel will be delivered in 2022.
A Navantia statement mentionned that the contract signed with Saudi Arabia represents the largest in the history of Spanish public shipyards with a foreign client. This contract strengthens the immediate future of Navantia and will benefit all the shipyards of the company.
This contract, which has been negotiated with the kingdom of Saudi Arabia since 2015, will involve a global workload of around seven million hours for the shipyards of Bahía de Cádiz, Ría de Ferrol and Cartagena and their auxiliary industry. It is, therefore, a key contract to guarantee the work activity of Navantia, mainly for its shipyards in Bahía de Cádiz. The program will start at the end of 2018 and the last vessel will be delivered in 2022. In addition, Navantia will be responsible for Life Cycle Support for five years, from the delivery of the first vessel, with an option for an additional five years.
Read more at: http://www.navyrecognition.com/index.php/news/defence-news/2018/july-2018-navy-naval-defense-news/6352-ksa-signed-the-contract-for-5-avante-2200-corvettes-with-navantia.html