Manama: The Saudi Military Industries Company (SAMI) is participating in the fifth edition of the Bahrain International Air Show (BIAS), which is being held under the patronage of His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, was opened by His Highness Shaikh Abdullah bin Hamad Al Khalifa, Personal Representative of His Majesty the King and Chairman of the Supreme Organizing Committee of BIAS, and runs from 14-16 November 2018 at the Sakhir Air Base in southern Bahrain.

SAMI’s participation in BIAS comes in an effort to explore investment opportunities to be offered by this show and reflects the historical relations between the two kingdoms at all levels and the economic prosperity Bahrain has achieved.

His Highness Shaikh Abdullah bin Hamad Al Khalifa visited SAMI’s pavilion at the show and was briefed on the company’s achievements and military services in four key areas, including Aeronautics, Land Systems, Weapons and Missiles, and Defense Electronics. His Highness expressed his admiration and appreciation for the qualitative leap of the Saudi military industries, under the guidance and with the unlimited support of the Saudi leadership, particularly the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the Crown Prince His Royal Highness Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

Dr. Andreas Schwer, Chief Executive Officer of SAMI, expressed his pride with the company’s participation in the region’s most advanced air show. He said: “This important international event provides a unique platform for meeting decision-makers and industry leaders in aviation and military industries from all over the world, as well as the aviation ecosystem as a whole. The air show has cemented its reputation as an unparalleled venue to exchange ideas and expertise on challenges and opportunities in these two vital sectors.”

‎“Our participation in the Bahrain International Air Show is aimed at ‎highlighting SAMI’s ‎growing military capabilities and showcasing our ‎achievements in enhancing self-sufficiency in ‎defense capabilities. ‎We are ‎keen to take advantage of the unique opportunities offered by the show and ‎the ‎promising investment prospects in Saudi Arabia’s booming military ‎industries in order to support the Kingdom’s vision of localizing ‎over 50 percent of military equipment ‎spending by 2030,” Dr. Schwer added. ‎

SAMI has earlier announced the launch of its joint venture, ‘SAMI Navantia Naval Industries,’ with Navantia S.A. to design and build five Avante 2200 corvettes with Combat Management System for the Ministry of Defense of Saudi Arabia.

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.