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The General Authority for Military Industries (GAMI) announced the signing of 22 industrial partnerships with domestic and international defense companies on the sidelines of Riyadh’s first World Defense Show, a SPA report said.
RIYADH: Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies with a value of SR8 billion ($2.13 billion), according to the show's founder. The General Authority for Military Industries — GAMI — which is also the regulator of the Kingdom’s defense sector said that the deals cover a broad
The agreements have a combined value of around SR8 billion and cover a broad range of activities, including the direct purchase of military systems, the building of production lines, knowledge transfer and training, and the localization of technologies and services.
The inaugural Saudi edition of the World Defense Show will be an opportunity for the Kingdom to showcase vast opportunities for both the Kingdom and its foreign suppliers. The show will undoubtedly witness major announcements aiming at both Saudi defense industry localization and the much-coveted technology transfer. Saudi Arabia’s military expenditure makes it an attractive