After Pausing BRICS, Saudi Arabia Signs Deal With US Lockheed Martin
Saudi Arabia is yet to confirm that it wants to join BRICS and has kept the important decision on hold. It’s been more than a month since Saudi Arabia has kept the decision to join BRICS pending. On the heels of deciding on BRICS, Saudi Arabia moved forward on Monday signing an agreement with the US weapons maker Lockheed Martin. The Kingdom of Saudi Arabia has directed weapon-producing companies in the country to manufacture parts of the Terminal High Altitude Area Defense (THAAD) system. Also Read: BRICS Will End U.S. Dollar Dominance, Says Wall Street The state-owned Saudi Arabia n Military Industries (SAMI) signed 11 agreements with Lockheed Martin at the Saudi defense show in Riyadh. The contract comes at a time when BRICS is looking to induct Saudi Arabia and push the de-dollarization narrative forward. However, the Kingdom of Saudi Arabia is going in the opposite direction paying no heed to the BRICS ’ needs. Apart from SAMI, many other weapons manufactu...