Riyadh: In keeping with its commitment to developing the capabilities of Saudi Arabia’s military industries sector and continuing to play an active role in localizing the Kingdom’s military spending, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), will participate in the International Defense Exhibition (IDEX) 2021 under the title ‘Invest Saudi’ through the Saudi Pavilion.
Supervised by the General Authority for Military Industries (GAMI), the Saudi Pavilion will bring together several major Saudi national institutions and companies specialized in the field of military and security industries. The exhibition will be held from 21 to 25 February at the Abu Dhabi National Exhibition Center in the UAE capital, Abu Dhabi.
SAMI aims to represent the Kingdom of Saudi Arabia at the international exhibition and support the vision of the Kingdom’s leadership for the military industries sector. SAMI also supports PIF’s efforts in localizing cutting-edge technology and knowledge, as well as building strategic economic partnerships. The national defense champion seeks to contribute toward the localization of over 50% of the Kingdom’s military industries sector by 2030.
Besides, SAMI will exhibit its most significant accomplishments in the sector and its local capabilities in meeting the operational needs of the military. SAMI’s participation comes at a time when Saudi Arabia’s military industries sector is witnessing unprecedented support in terms of empowering local manufacturers, developing promising local companies, and supporting major national companies to strengthen their position globally.
SAMI will also showcase its innovative military products and comprehensive defense systems, spread across its Land Systems, Aeronautics, Defense Electronics, Weapons and Missiles, and Emerging Technologies divisions. SAMI’s exhibits will also include the products and technologies developed by its affiliates Advanced Electronics Company – AEC (a wholly-owned subsidiary), Accessories and Components Company (AACC), SAMI Navantia Naval Industries (a joint venture with Navantia S.A.), SAMI L3Harris Technologies (a joint venture with L3Harris Technologies), and SAMI CMI Defense Systems (a joint venture with CMI Group).
-Ends-
About Saudi Arabian Military Industries (SAMI):
Launched in May 2017, Saudi Arabian Military Industries (SAMI) is a state-owned military industries company working under the directives outlined in the Saudi Vision 2030. Aiming to be among the top 25 military industries companies in the world by 2030, SAMI is expected to play a key role in supporting the localization of 50% of the Kingdom’s total government military spending.
SAMI combines the latest technologies and the best national talents to develop military products and services at par with international standards, across five business divisions – Aeronautics, Land Systems, Weapons & Missiles, Defense Electronics, and Emerging Technologies. The company is also focused on increasing exports and bringing foreign investment to the Kingdom’s military industries sector.
For more information, visit www.sami.com.sa or e-mail us at info@sami.com.sa.
For media inquiries or interviews, please contact:
Meshel B. Alsaleh
Senior PR & International Partnerships Manager
Saudi Arabian Military Industries (SAMI)
E-mail: malsaleh@sami.com.sa
Mobile: +966 50 546 4320
© Press Release 2021
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.
