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Jakarta Post

Pindad eyes joint venture with Middle Eastern country

  • Marguerite Afra Sapiie
    Marguerite Afra Sapiie

    The Jakarta Post

Jakarta   /   Fri, June 10, 2016   /  10:38 am
Pindad eyes joint venture with Middle Eastern country Advanced technology – State-owned weapons producer PT Pindad’s president director Silmy Karim (center) escorts President Joko “Jokowi” Widodo during a visit to the company’s headquarters in Bandung, West Java, to see its primary weapons system technology. (Tempo/Prima Mulia)

State-owned weapons producer PT Pindad plans to form a joint venture with a Middle Eastern country to build a weapons factory.

Pindad president director Silmy Karim said on Thursday that the company would first select one of two potential Middle Eastern countries, which he declined to name, that had expressed interest in the joint venture project.

"The first contract is worth US$30 million, which will cover components up to production stage," Silmy said.

He said the cooperation would include the production of large fiber ammunition and weapons at the factory, which would be licensed by PT Pindad.

In return, the selected country would provide enhanced technology and access for PT Pindad to its facilities, Silmy said. (ebf)

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