A man speaks on the phone as he walks past the Kingdom Centre Tower in Riyadh, Saudi Arabia, November 5, 2017. REUTERS/Faisal Al Nasser
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South African defense company Paramount Group is in talks with the Saudi Arabia government to establish production facilities in the kingdom, its chairman said Monday.One possible partner for Paramount could be Saudi Arabian Military Industries (SAMI), which was established last year to lead the development of the country's military industry and to establish joint ventures with international partners.Paramount has set up in-country manufacturing capabilities before, including in India and Jordan.Paramount is also pursuing contracts with governments in Africa to modernize and extend the life of Soviet-built equipment such as helicopters and fixed-wing aircraft.
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