Reporter: Riyadh ( Rana Azeem):
The General Authority for Military Industries (GAMI) is participating in the Farnborough International Airshow 2024 – one of the largest and most important international defense and aviation exhibitions taking place from July 22 to 26, 2024 in Hampshire, London, UK. GAMI’s participation aims to showcase its regulatory initiatives in the military industries sector in Saudi Arabia, with the aim of bolstering national military manufacturing capabilities.
This will ultimately lead to the localization of the sector, making it a key contributor to the Saudi economy and reinforcing its defense and security independence.
The purpose of participating in the exhibition is to highlight the potential of the Saudi military and defense industries sector, as well as the accomplishments of the organization in developing industrial and service capabilities in the Kingdom, as part of its strategic role in localizing over 50% of government spending on military equipment and services by 2030.
GAMI invites investors from around the globe to invest in the Kingdom’s promising sector. Through its participation in the exhibition, GAMI showcases the supply chains it has established for local and foreign SMEs, as part of its efforts to provide investment opportunities in the military industries sector in the Kingdom.
Additionally, GAMI aims to strengthen international partnerships to achieve strategic independence in military industries, thereby enabling the sector to enhance military and security systems and industries.
The military industries sector in Saudi Arabia has been rapidly developing and localizing, creating investment opportunities and utilizing local capabilities to meet the practical needs of the military services. Efforts are being made to achieve the sector’s goals, with a focus on creating partnerships and meeting with international investors interested in investing in the Kingdom.
These initiatives align with the directives of the visionary Saudi leadership to localize various industries in the Kingdom, enriching the national economy and enhancing its strategic independence.
