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Hanwha Aerospace, a South Korean company, has established a wholly-owned subsidiary in Saudi Arabia to boost its defense market business in the Middle East.
Hanwha Aerospace of South Korea has established a wholly-owned subsidiary, Hanwha Defense Arabia, in Saudi Arabia to bolster its efforts to secure arms contracts in the Middle East. According to industry sources on Wednesday, the subsidiary was set up in Riyadh in the first half of this year. This move is separate from Hanwha Aerospace's regional headquarters, which was established in September 2025 and is primarily responsible for existing operations and identifying new business opportunities.
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Source：Korea Herald商业 · Source Link
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