Saudi Arabia will be domestically producing Russia's Kalashnikov AK-103 assault rifle by the end of the current month, Russian state-run defence company Rostec announced yesterday.
"The agreement will be signed by the end of this month," Rostec's CEO, Sergey Chemezov, was quoted by Russia's Sputnik as saying.
Chemezov remarks came during the IDEX 2019 defence exhibition and conference currently taking place in the United Arab Emirates (UAE)'s capital, Abu Dhabi.
"The Saudis look to produce a large portion of the rifle – about 90 per cent – domestically, while we [Russia] would like to see less than that," Chemezov said, adding that the talks between the two governments were still "underway."
IDEX 2019 is showcasing of the latest global military technology. The exhibitors are presenting various interactive platforms that enable visitors to experience much 3D equipment.
In addition, the UAE government is also hosting NAVDEX naval defence and maritime security event. Both events are being attended by numerous international governments' officials and military delegations.