Historical agreement between Spain and Saudi Arabia (Photo Ministry of Defence)

The Minister of Defence and the Crown Prince of Saudi Arabia, Mohammed Bin Salman Bin Abdulaziz Al-Saud, sign a Memorandum of Understanding between the Spanish Government and the Saudi Government on Defence. The Minister and the Crown Prince of Saudi Arabia held a bilateral meeting at the Palace of Buenavista, the current Earth Army Headquarters

On Thursday, Spain and Saudi Arabia signed a cooperation agreement in the field of Defense that paved the way for the future contract with the company Navantia for the construction and sale of five "Avante 2200 "-type corbettes worth about 2 billion euros, as well as for the construction of a naval base in Saudi Arabia, where the ships will be looted.

The five Avante 2200 corbettes that Navantia will build in the Ferrol and Cadiz shipyards to sell to Saudi Arabia, whose contract has been negotiated since 2015, will occupy approximately 6,000 direct and indirect workers annually for five years, according to Navantia. This is an operation valued at about 2 billion.