Saudi cabinet OKs establishment of General Authority for Defense Development
Saudi Arabia aims to increase investment in defense industries up to 50% by 2030
Image used for illustrative purpose. Visitors are seen at Saudi Military Drone manufacturing stand during inauguration of Bahrain International Defense Exhibition and Conference at the Bahrain Exhibition Center, Manama, October 16, 2017.
REUTERS/Hamad I Mohammed
By Staff Writer, Arab News
RIYADH: The Saudi Cabinet, chaired by King Salman, on Tuesday approved the establishment of the General Authority for Defense Development.
The body will enjoy legal personality and financial and administrative independence. The body, which will be linked to the prime minister, will focus on research and development in defense-related fields.
It will tasked with the formation of policies and strategies governing the defense technology sector in the Kingdom.
Saudi Arabia is investing heavily in its defense industries to reduce reliance on imported military hardware as well as add higher value jobs in the Kingdom.
The aim is to increase this to up to 50 percent by 2030.
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