The first flying prototype of the new aircraft will be ready by the end of 2016, Mikhail Gvozdev, Antonov’s CEO, said.
"By the end of 2016, flight tests are planned to begin," he added.
According to the document, a total of 100 aircraft will be produced.
Both sides are considering a joint production scheme with the aircraft assembled in Ukraine and painted in Saudi Arabia.
Another option is that Saudi Arabia would create the large scale unit production of the An-132 on its territory.
Earlier it was reported, that the An-132 will be an updated version of the actual An-32 transport aircraft, but with improved cargo capacity, flight range and other flying parameters. Saudi Arabia will own the intellectual property rights and will receive design drawings of the aircraft.