Saudi Nadrah Signs Agreement Worth Over SAR 1 Billion with India’s MIL During WDS 2024

Nadrah Trading Company, a subsidiary of Al Nasiriah Holding Group, has signed an agreement with Munitions India Limited (MIL), owned by the Indian Ministry of Defence, with a value exceeding 1 billion Saudi Riyals.

The agreement was signed during the World Defense Show (WDS) 2024 in Riyadh and includes a contract for establishing a state-of-the-art nanotechnology factory, and supplying and localizing ammunition in the Kingdom.

This collaboration aims to increase investment volume and quality to support the objectives of Saudi Vision 2030. Additionally, it seeks to enhance cooperation and promote the exchange of expertise between the two sides within the Kingdom.

The signing ceremony was attended by Ahmad Abdulaziz Al-Ohali, Governor of the General Authority for Military Industries (GAMI); Ajay Bhatt, India’s Minister of State for Defence and Tourism; and Faisal bin Saad, CEO of Al Nasiriah Holding Group.

Mohamed Abdul Kareem Hassan, CEO of Nadrah company, and Ravi Kant, Chairman and Managing Director (CMD) of MIL, represented the two sides during the signing.