BAE Systems adds 3.4bn Riyals to the Saudi Economy

?A report by Oxford Economics, the world leader in global forecasting and quantitative analysis for business and government, has identified that BAE Systems contributed SAR15.6bn to the Saudi economy between 2008 and 2012.

It calculated that the Company’s direct added value (i.e. the sum of wages and profits) amounted to 3.4 billion Saudi Riyals in 2012 and the direct added value over the period 2008-2012 was 15.6 billion Saudi Riyals.
The report also noted that, the total value of sales for BAE Systems’ Saudi Arabian business was 13.9 billion Saudi Riyals in 2012 and 71.4 billion Saudi Riyals over the period 2008-2012.
Andy Carr, Managing Director for BAE Systems in Saudi Arabia, commented: “BAE Systems has a long-term relationship with Saudi Arabia and has been in the Kingdom for nearly 50 years and, as this report shows, we are significant contributors to the Saudi economy.”
BAE Systems is the largest local defence supplier to Saudi Arabia, designing, integrating and maintaining defence systems for the Saudi government. The company operates in eight locations in Saudi Arabia - Riyadh, Dhahran, Tabuk, Taif, Jeddah, Khamis Mushayt, and Jubail.
 

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