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Reading: Arms Industry in BiH signed 80 Million BAM Contract with Saudi Arabia
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Sarajevo Times > Blog > BUSINESS > Arms Industry in BiH signed 80 Million BAM Contract with Saudi Arabia
BUSINESS

Arms Industry in BiH signed 80 Million BAM Contract with Saudi Arabia

Published: February 7, 2024
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Dedicated industry company “Igman” d.d. today, at the military industry fair “World Defense Show 2024”, which is being held in Saudi Arabia, Konjic ceremoniously signed two new contracts worth 80 million BAM.

The World Defense Show, the military industry fair held from February 4 to 8 in Riyadh, the capital of Saudi Arabia, gathered this year again more than 750 exhibitors from more than 45 countries, and among the officials who attended the prestigious event for networking, partnership and exchange of knowledge in the domain of the defense industry were representatives of Bosnia and Herzegovina and the company “Igman” d.d.

The delegation of “Igman” company led by director Đahid Muratbegović and executive director Armin Sarajlić, accompanied by the ambassador of Bosnia and Herzegovina to the Kingdom of Saudi Arabia Razim Čolić, used the opportunity to meet with business partners to sign important contracts with the National Guard and the Ministry of Defense of KSA .

“The Kingdom of Saudi Arabia is one of the key drivers of the global military industry. This is also shown by the data on constant investment in strengthening their defense capacities, so the fact that they supply their armed forces with our products is pleasing. This is proof of our quality and readiness to respond to a demanding market, and we are particularly pleased with the continued cooperation with the defense institutions of Royal Saudi Arabia, which began a little more than a decade ago,” said the director of the Igman company Đahid Muratbegović, the company announced.

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