World & BusinessSaudi Arabia’s MASNA Ventures plans to expand defence fund to $150 million
The Economic Times reports an accelerated maritime-sector push following a Houthi advance, alongside plans to invest more in local manufacturing of US and allied defence technology.
TLDR
Saudi Arabia’s MASNA Ventures plans to grow its defence-focused venture capital fund to $150 million, The Economic Times reports. Planned investment includes more local manufacturing of US and allied defence technology, including drones, autonomous systems and anti-drone systems. The outlet describes a faster maritime-sector push following a Houthi advance.
Saudi Arabia’s MASNA Ventures plans to expand defence fund to $150 million
The Economic Times reports an accelerated maritime-sector push following a Houthi advance, alongside plans to invest more in local manufacturing of US and allied defence technology.