On 11 September, the SAMI Navantia Naval Industries, a joint venture between Saudi Arabian Military Industries (SAMI) and Navantia S.A., signed a €900 million agreement with the Spanish naval industry Navantia. The agreement was signed in the presence of SAMI Chairman Ahmed Al-Khateeb and Navantia Chairwoman Susana de Sarriá, the CEO of SAMI Andreas Schwer and the CEO of SAMI-Navantia Antonio Rodriguez-Barberan, among other officials. The agreement is part of Saudi Vision 2030, a plan that aims to localize 50% of the overall Saudi military spending by 2030. The two parts will collaborate on Combat System Integration (CSI) on the Avante 2200 corvettes for the Royal Saudi Naval Forces. Susana de Sarriá declared that the “contract with SAMI-Navantia underlines Navantia‘s commitment to supporting Saudi Arabia in developing its industrial capabilities in the defence sector”.