Saudi Arabia is actively participating in the prestigious EUROSATORY 2024, the Global Event for Defence and Security, held in Paris from June 17 to 21, 2024. The Kingdom’s presence, organized by the General Authority for Military Industries (GAMI), highlights its ambition to strengthen and localize its military industries while attracting global investment.
Saudi Arabia’s Strong Presence at EUROSATORY 2024
The Saudi pavilion features a broad coalition of government and private entities. Key participants include the Ministry of Investment through the Invest Saudi platform, the General Authority for Defense Development (GADD), and major Saudi companies specializing in military industries such as Saudi Arabian Military Industries (SAMI), Saudia Technic, Life Shield, Scopa Industries, and others.
This collaboration aims to showcase Saudi Arabia’s growing capabilities in the defense sector and underline the favorable investment environment. The pavilion serves as a platform to welcome international investors and highlight the Kingdom’s commitment to innovation, research, and localization within the military industry.
Driving Localization and Innovation in Military Industries
Saudi Arabia’s participation focuses on advancing its military industry strategy. This includes:
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Promoting policies, legislation, and incentives that stimulate localization
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Enhancing supply chains and investment opportunities
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Displaying leading Saudi military products and technologies
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Emphasizing joint efforts to empower the sector and meet national priorities
The Kingdom aims to localize more than 50% of its military industries by 2030. This strategic goal aligns with Saudi Vision 2030, which seeks to boost the economy by supporting research, technology transfer, and creating jobs for young Saudis.
Visionary Leadership and Sector Growth
The Saudi pavilion reflects the strong backing from the Kingdom’s leadership to increase strategic independence and develop domestic military capabilities. The focus on localization will contribute to building a vibrant economy while strengthening the military sector’s role within it.
About the General Authority for Military Industries (GAMI)
Established in 2017, GAMI regulates and licenses Saudi Arabia’s military and security industries. It oversees sector growth and transformation to attract investors and align with Saudi Vision 2030. GAMI’s priorities include governance, export and import controls, quality standards, intellectual property, data security, safety policies, and human capital development.
By fostering these areas, GAMI supports the localization of government defense spending and promotes a sustainable military industries ecosystem.
