$72 Mn in Investment Agreements Signed at Saudi Products Expo in Kuwait

Officials sign agreements at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait. (SPA)
Officials sign agreements at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait. (SPA)
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$72 Mn in Investment Agreements Signed at Saudi Products Expo in Kuwait

Officials sign agreements at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait. (SPA)
Officials sign agreements at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait. (SPA)

The Saudi National Products Exhibition (SNP Expo 2), held in Kuwait, saw the signing of 20 agreements with investments exceeding SAR 270 million ($72 million).

In addition, several memoranda of understanding (MOUs) were signed to exchange consulting services and strengthen cooperation.

The four-day event, which concluded on Saturday, featured panel discussions and workshops with officials, experts, and specialists.

These sessions highlighted the quality and diversity of Saudi industries, reflecting the growth of the Saudi private sector and its role in achieving the Kingdom’s Vision 2030.

On Friday, the exhibition saw the signing of six agreements with investments exceeding SAR 70 million ($18.67 million).

On Thursday, 14 agreements were signed, with investments surpassing SAR 200 million ($53.33 million).

The deals mark a significant step in boosting national industries and encouraging investment in this crucial sector, in line with the goals of Vision 2030.

In this regard, CEO of the SNP Expo Hend Aloni stated: “The agreements signed in the past two days demonstrate the success of the expo in attracting investors and entrepreneurs.”

This aligns with the key objectives of the SNP Expo, which aims to boost investment flow into the national economy and increase the appeal of the industrial sector, she stressed.

She underscored the event’s success in promoting Saudi products and expanding their distribution worldwide.



Saudi Arabia Unveils Pavilion at International Defense Exhibition and Conference in UAE

The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030. (SPA)
The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030. (SPA)
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Saudi Arabia Unveils Pavilion at International Defense Exhibition and Conference in UAE

The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030. (SPA)
The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030. (SPA)

The activities of the Saudi pavilion, organized by the General Authority for Military Industries (GAMI), kicked off on Monday at the International Defense Exhibition and Conference "IDEX 2025" in Abu Dhabi. This event is being held under the patronage of Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.

Governor of GAMI Eng. Ahmad Abdulaziz Al-Ohali participated in the launch, in the presence of Lt.-Gen. Mohammad Bin Abdulrahman bin Hamed Al-Gharibi, Chief of Staff of the Royal Saudi Naval Forces, Sultan bin Abdullah Al-Angari, Saudi ambassador to the UAE, and a number of officials, international investors and decision-makers in the sector.

Al-Ohali emphasized the significance of the Kingdom's participation in IDEX 2025 as a leading global platform for showcasing the latest military technologies.

He underscored the importance of establishing international partnerships that enhance the Kingdom's defense and security capabilities.

The Saudi pavilion serves as a strategic window that reaffirms the Kingdom's commitment to developing its defense sector and strengthening national competencies, contributing to the ambitious goal of localizing over 50% of military spending by 2030, he added.

During the exhibition, GAMI signed a cooperation agreement in the field of government quality assurance with the Defense Acquisition Program Administration in South Korea.

The agreement aims to boost the assurance and reliability of defense products and services carried out under purchasing and acquisition operations, in accordance with the local laws and regulations of both sides.

The agreement reflects the mutual desire of both parties to deepen joint cooperation in the field of defense industry and technology, in a way that achieves the national interests of both countries. The two parties also intend to expand the scope of cooperation by exchanging experiences and best practices in the field of government quality assurance for defense products and services.

The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030.

It is presenting the latest locally developed defense technologies across military, defense, and security industries. It features a variety of military products aimed at highlighting the capabilities of the defense and military sectors. Additionally, it presents investors with a conducive investment environment and the promising opportunities available in the sector.

In addition to GAMI and the General Authority for Defense Development (GADD), the pavilion includes the World Defense Show (WDS), along with several national companies operating in the military industries sector. The companies include the Saudi Arabian Military Industries (SAMI), the National Company for Mechanical Systems (NCMS), the Middle East Propulsion Company (MEPC), the Saudi Chemical Company Holding (SCCH), AlKorayef Group, Life Shield Military Industries (LIFE SHIELD), Emaan International, QUDRA Industrial Company, and the Saudi Company for Aircraft Maintenance and Preparation (GDC).