Saudi Arabia Joins Global Defense and Security Event EUROSATORY 2024

by; Rana Azeem Riyadh, Saudi Arabia:

Saudi Arabia is participating in the Global Event for Defence and Security EUROSATORY 2024. The event will be held in Paris, the capital of France, from June 17 to 21, 2024. The General Authority for Military Industries (GAMI) is working closely with government and private entities to organize Saudi Arabia’s participation in the event. Participants in the Saudi pavilion include the Ministry of Investment represented by the Invest Saudi platform (INVEST SAUDI), the General Authority for Defense Development (GADD), and several major Saudi national institutions and companies specialized in the field of military industries (Saudia Technic).

These include the Saudi Arabian Military Industries (SAMI), Saudia Technic, Life Shield for military industries, Scopa Industries (Scopa), Arabian International Co. for Steel Structures (AIC Steel), Saudi Leather Industries Company (SLIC), Al-Esnad for Military Supplies (AL-ESNAD), Khidmat Ray Manufacturing Co. (KRMC), in addition to the World Defense Show (WDS).

This participation aims to boost the Kingdom’s position in international forums and showcase the favorable investment climate, with a special focus on welcoming investors worldwide to the military industries sector in Saudi Arabia. It also highlights the efforts to develop research and innovation in the military industries, as well as the national priorities that GAMI gives to the sector.

This includes reviewing the most prominent policies, legislation, and incentives that contribute to stimulating the localization process and empowering the military industry sector. It also aims to enhance supply chains and investment opportunities, introduce the main Saudi products in the military industries sector, and emphasize the importance of joint efforts to achieve the military industries sector’s strategy.

The Saudi Pavilion’s participation in EUROSATORY 2024 shows the strong support the military industries sector in Saudi Arabia receives from its visionary leadership. The goal is to enhance the Kingdom’s strategic independence, develop national military industries capabilities, and localize this sector by over 50% by 2030. This will boost the Saudi economy by promoting research, innovation, technology transfer, and job opportunities for young Saudis. It will also strengthen the military industries sector’s role in building a vibrant economy.

Notes to Editors: About the General Authority for Military Industries (GAMI): The General Authority for Military Industries (GAMI) was established in 2017 by a decision of the Saudi Cabinet on August 15, 2017. Its role is to regulate, monitor, empower, and license the military and security industries sector in the Kingdom.

GAMI seeks to boost the military industries sector and strengthen its key role in developing a strong economy. It oversees the transformation to make the sector more appealing to investors through regulation and licensing. GAMI is dedicated to developing and organizing the defense and security industries sector in alignment with Saudi Vision 2030 to localize more than 50% of government spending on defense and military services and products by 2030.

GAMI prioritizes the implementation of policies and legislation in the Kingdom. These priorities include several policies and measures, such as governance in the sector, the regulations governing military activities, control and supervision policy on exports and imports, standards, specifications, testing, and quality policy, intellectual property policy, security and data management policy, occupational safety, health, and environmental policy, human capital development policy, and industrial participation.

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