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German-Saudi tank deal 2x big: report
 

By AFP

June 17, 2012 - Updated 1432 PKT
From Web Edition
 
 



FRANKFURT: Saudi Arabia wants to buy 600-800 Leopard battle tanks from Germany, more than twice as many as originally envisaged, the Sunday newspaper Bild am Sonntag reported, quoting government sources.

 

Thus far, reports had said the Saudis wanted to purchase around 300 Leopard-2 tanks, Germany's main battle tank which is also produced under licence in Spain.

 

With up to 800 tanks, the deal would be worth 10 billion euros ($12.6 billion), and one of the biggest-ever for the German defence industry, Bild am Sonntag reported.

 

While there is opposition to the deal in the Chancellery and the Foreign and Defence ministries, there was support for it within the Economy Ministry, it said.

 

A deal for a first tranche of 300 tanks is ready for signing and the Saudis want to the whole deal wrapped up by July 20, when the festival of Ramadan begins, the newspaper said.

 
 
 
 
 
 
 
 
 
 
Reader Comments
Pumping money in the shattering Western economies, and sponsoring War in the region

nida nasreen
Canada
This money could have been used against the poverty of poor muslims all over the world. They should have bought the manufacturing facility to create employment and transfer technology.

omar
Pakistan
Looks like rich young sons of petro-dollar billionaires want to have tank races in the Arabian desert.

Keith
USA
What does Saudi want this equipment for???? Killing their own people???? It is well known fact that they cannot fight on their own and always hired USA for their defense. Also it is well known Saudis cannot do anything against ISRAEL (if thats the one they fear) otherwise they will be fought by the military they normally hire for fighting. Only thing that comes to mind is to reinvest their petro dollars into western economy.

Akbar Khan
Bulgaria
The question is why is Saudi Arabia feeling insecure to a point of signing so many multi-billion dollar deals to boost its defense ability?

AK
Pakistan
 
 
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