KAYO-private cooperation, benefit for the economy - Minister Nufi: 1 thousand jobs created, 400 million euros in profits expected
Minister of Defense Ermal Nufi stated in the Albanian Parliament that the benefits of our country from cooperation with foreign companies in the field of defense are expected to be over 1 thousand jobs for citizens and profits of up to 400 million euros. According to him, the private companies with which KAYO is building cooperation are specialized in the field of ammunition production.
"Our neighbors have 5 billion euros in annual profit from the military industry, in addition to the fact that the military forces have guaranteed reserves for national security. This is clearly seen as operating with private partners, of course it is because they invest with capital, so far the state budget for the company is 3 million euros, all other investments for the four companies created definitely come from private capital", - said Nufi.
Nufi said the state-owned arms production company is raising Albania's commitment to strengthening and modernizing the army to another level. This chosen cooperation model, according to him, is also widely used by our allies.
"This is not a model that is known in Albania, there is a kind of prejudice about the actions of society, it is an international model and the goal is to engage private and state capital for the protection of an industry. We are not talking about a simple business, it is among the most difficult because it maintains a very high level of control and carries increased legal guarantees as the production and sale of weapons is regulated in state-to-state relations," said Nufi.
Minister Nufi made his statements in Parliament during an interpellation called by Democratic MP Klevis Balliu.
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