Israel Buys Three Military Submarines From Germany
Muhammad Irfan Published January 20, 2022 | 03:40 PM
Jerusalem, (UrduPoint / Pakistan Point News - 20th Jan, 2022 ) :Israel announced Thursday a deal with Germany to develop and purchase three submarines from German industrial giant Thyssenkrupp for three billion Euros ($3.4 billion).
"The new submarines will upgrade the capabilities of the Israeli navy, and will contribute to Israel's security superiority in the region," Defence Minister Benny Gantz said in a statement.
According to analysts, negotiations between Israel and Germany on the deal were delayed and complicated by a suspected corruption affair involving Israel's last purchase of German submarines.
The deal new includes the purchase of three "Dakar" submarines, the first of which will be delivered to the Israeli navy within nine years.
It also includes the creation of a training simulator in Israel, and the supply of spare parts.
The defence ministry said the German government will fund part of the deal through a special grant, in line with an accord signed by the two countries in 2017.
In addition, a EUR850-million agreement was signed with the German economics and technology ministry to invest in Israeli industries, including defence companies.
The deal was signed Thursday "at the end of a several-year planning and negotiation process", the ministry said.
An alleged massive bribing scheme in Israel's 2012 deal to buy Thyssenkrupp submarines has implicated several high-ranking military officials and close associates of former prime minister Benjamin Netanyahu.
Last year, Netanyahu's former chief-of-staff as well as several other senior officials were indicted in the case.
Related Topics
Recent Stories
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
More Stories From Miscellaneous
-
Iranian president Raisi given guard of honour at PM House
1 day ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
2 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
2 days ago -
Cattle farming vital to alleviate poverty in rural areas
2 days ago -
Pakistan: A land of tourism, archeological wonders
2 days ago -
Transforming education sector: from job hunters to job creators
4 days ago
-
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
8 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
9 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
9 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
12 days ago -
Radio Bahawalpur to broadcast Eid programs
14 days ago -
DC, DPO Haripur inspect bus terminals to review fares compliance
16 days ago