Saudi project to establish a holding company for military industriesnote

Saudi Deputy Crown Prince Mohammad Bin Salman Bin Abdulaziz, who also acts as Defence Minister, is said to have begun working on a project to establish a holding company for military industries when he was acting as Adviser to his father King Salman who was then taking over the Defence Ministry under the era of late King Abdullah. The following 462-word report sheds more light on the project. [Fully reproduced in TR Weekly Issue No 23/18 – April 29, 2016]