DUBAI, June 19 (Reuters) - Saudi defence company SCOPA Industries and Airbus (AIR.PA) have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday.
He added that SCOPA expects to manufacture more than 100 helicopters and create 8500 jobs in the kingdom.
Without giving further details he said the company expects investments worth more than 25 billion riyals ($6.67 billion) over 20 years.
Saudi and French companies have signed 24 agreements at the forum, Saudi state TV reported without further details.
($1 = 3.7505 riyals)Reporting by Nayera Abdallah; Editing by Toby Chopra, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons:
Fawaz Alakeel, Saudi Arabia's Crown Prince Mohammed bin Salman, Alakeel, Nayera Abdallah, Toby Chopra, Kirsten Donovan
Organizations:
SCOPA Industries, Airbus, TV, Saudi Arabia's Crown, Thomson
Locations:
DUBAI, Saudi, France, Saudi Arabia