Key Takeaways

  • ARES Shipyard plans to establish a new company in Saudi Arabia.
  • Two shipyards will be built in Dammam and Jeddah.
  • Focus on manufacturing naval platforms and supporting end users.

Strategic Implications

This move may indicate Turkey’s growing interest in the Saudi defense market. The partnership could strengthen ARES’ position as a major player in regional exports. However, the success of this venture depends on various factors, including the level of government support and the competitiveness of ARES Naval against other local firms.