Skip to content Skip to Search
Skip navigation

Germany open to further Eurofighter sales to Saudi Arabia

In October 2018, Britain signed a preliminary order for Saudi Arabia to purchase 48 Eurofighter Typhoon fighter jets Reuters/Inquam Photos/George Calin
In October 2018, Britain signed a preliminary order for Saudi Arabia to purchase 48 Eurofighter Typhoon fighter jets

Germany is willing to allow further deliveries of Eurofighter jets to Saudi Arabia, its foreign minister Annalena Baerbock has said.

“We do not see the German government opposing British considerations for more Eurofighters for Saudi Arabia,” Reuters reported, citing the minister’s comments on a trip to Israel.

Last month, Saudi Arabia approved its 2024 budget, which allocated SAR269 billion ($71.73 billion) for defence spending.

The Eurofighter project is a joint British, German, Italian and Spanish venture.

In October 2018, Britain signed a preliminary order for Saudi Arabia to purchase 48 Eurofighter Typhoon fighter jets.

However, arms sales to the kingdom were halted following the death of Saudi journalist Jamal Khashoggi in 2018.

Saudi Arabia is set to maintain one of the world’s highest defence expenditures relative to GDP, GlobalData said in a report issued in September 2023.

Defence spending will grow 4.5 percent a year to $86.4 billion in 2028, from $65.3 billion in 2022.

Major Saudi procurements in recent years included the Eurofighter Typhoon aircraft, Raytheon’s Patriot missile system and Lockheed’s Thaad – terminal high altitude area defence – system. 

Saudi Arabia signed a $6.7 billion deal in June 2023 with Airbus to manufacture civilian and military helicopters in the kingdom. 

Latest articles

Architecture, Building, Cityscape

Ajman sees 7% rise in hotel revenues amid tourism surge

The number of tourist arrivals in Ajman rose 9 percent year on year during the first quarter of 2024, leading to a 3 percent increase in hotel occupancy levels, according to the Ajman Department of Tourism Development. Revenue rose 7 percent year on year in the first quarter, as the average length of stay increased 5 percent, […]

Dubai The World Villas

Demand for beach plots sells 80% of The World villas in days

An ultra-luxe villa community planned for Dubai’s The World Islands is more than 80 percent sold only days after first being announced, thanks to the dearth of available beachfront plots in the city. The boutique developer Amali Properties, co-founded by siblings Ali and Amira Sajwani of Damac Properties, said last week that the community will […]

Path, Road, City BHB06R Wall Street Bull in Downtown Manhattan, NYC

Saudi stock trading slumps as interest jumps in US stocks

Saudi trading in US stocks trebled in the fourth quarter of 2023 compared with the previous year to SAR58.7 billion ($15.6 billion), as the kingdom’s interest in US equities revived following the Covid pandemic. Total trading in foreign and domestic markets remains historically low.  The transactions in the US market accounted for more than 97 […]

Investor Tim Draper told AGBI the US must 'swing back to freedom' to avoid losing innovation to countries such as the UAE

Tim Draper: UAE benefits from US crypto ‘overregulation’

Billionaire venture capitalist Tim Draper has criticised the US for its restrictive stance on cryptocurrency, claiming it is driving innovators towards more encouraging and friendlier markets such as the UAE. The Gulf state is actively developing regulatory frameworks to lure new forms of business, amid intense regional economic competition. Dubai and Abu Dhabi have set […]