Saudi GAMI Announces 10 Investment Opportunities in Defense Sector

Hawk T1A trainer aircraft of the Saudi Falcons aerobatic team perform during an air show marking Saudi Arabia's 93rd National Day celebrations in Riyadh on September 23, 2023. (AFP)
Hawk T1A trainer aircraft of the Saudi Falcons aerobatic team perform during an air show marking Saudi Arabia's 93rd National Day celebrations in Riyadh on September 23, 2023. (AFP)
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Saudi GAMI Announces 10 Investment Opportunities in Defense Sector

Hawk T1A trainer aircraft of the Saudi Falcons aerobatic team perform during an air show marking Saudi Arabia's 93rd National Day celebrations in Riyadh on September 23, 2023. (AFP)
Hawk T1A trainer aircraft of the Saudi Falcons aerobatic team perform during an air show marking Saudi Arabia's 93rd National Day celebrations in Riyadh on September 23, 2023. (AFP)

The Saudi General Authority for Military Industries (GAMI) announced on Monday ten investment opportunities with joint military and civilian uses as a first stage.

The new investments are part of the direct outcome of the Military Industries Enabler initiative, launched by the Authority earlier this year.

It underscores Saudi Arabia’s commitment to enhancing its military capabilities, diversifying its economy, and providing attractive investment opportunities.

The investment portfolio is designed to cater to various stakeholders in the defense sector, including manufacturers and service providers. It also extends an invitation to supporting industries that can enhance the nation’s strategic military readiness.

The opportunities available through the Authority’s official website and the “Invest in Saudi Arabia” platform aim to provide attractive opportunities for investors and those interested in establishments operating in the sector, including manufacturers and service providers.

GAMI Governor Ahmed al-Ohali appreciated the efforts of Minister of Investment Khaled al-Falih for the support provided by the Ministry in enabling local and international investors.

He highlighted the crucial role of the Ministry of Investment in facilitating access to sector opportunities for local and international investors through the Invest in Saudi Arabia platform.

The Authority urged investors and those interested to visit its website and communicate with the work team to answer any inquiries, explain these opportunities in more depth, and enable access via the designated e-mail.



Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

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Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

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Saudi Arabia is pushing towards achieving carbon neutrality by 2060 and developing a green economy.
Skytower Investments, a renewable technology, green manufacturing, supply chain and green power production investment company, is actively seeking new partnerships to advance carbon and green hydrogen technologies.
Such initiatives will bring new economic opportunities to Saudi Arabia.
Skytower Investments predicted Saudi Arabia attracting more investments in upcoming projects, creating opportunities for global companies and boosting job growth. This supports Saudi Arabia’s role as a driver of sustainable growth in the region, with plans underway to foster green economy development.
The investment company has backed a recent agreement between Riyadh and Washington for a transcontinental green trade corridor, aiming to facilitate trade and climate adaptation strategies.
Saudi Arabia is promoting this initiative globally, benefiting neighboring and South Asian countries. It aims to expand green supply chains, green manufacturing, and digital transformation, contributing to a sustainable future.
Hydrogen production is seen as economically valuable for Saudi Arabia, leveraging its abundant natural resources and young, dynamic population.
The Kingdom’s green potential lies in its high-quality silica resources, used for green energy production and advanced manufacturing.
Chairman Neil Bush of Skytower Investments highlighted ongoing efforts to strengthen partnerships and support Saudi Arabia’s economic goals under Vision 2030. This includes promoting green energy, green hydrogen, and carbon economy technologies.
Skytower Investments CEO Eric Fang aligned current efforts with Saudi Arabia’s strategy to support local, regional, and global development, focusing on high-quality job creation in the green industry.
Saudi partner Abdullah bin Zaid Al Mulaifi mentioned rapid progress in introducing green energy and technologies, supporting Saudi Arabia’s goals for green and carbon-neutral energy by 2060.
Skytower Investments plans to invest further in specialized global technologies, collaborating with public and private sectors in the Kingdom.