Riyadh Seeks to Achieve Self-Sufficiency in Military Industries

SAMI is seeking to be among the top 25 companies specialized in defense industries in the world by 2030.
SAMI is seeking to be among the top 25 companies specialized in defense industries in the world by 2030.
TT

Riyadh Seeks to Achieve Self-Sufficiency in Military Industries

SAMI is seeking to be among the top 25 companies specialized in defense industries in the world by 2030.
SAMI is seeking to be among the top 25 companies specialized in defense industries in the world by 2030.

In September 2022, Saudi Crown Prince Mohammad bin Salman said that the internal self-sufficiency of the military industries had increased from 2 to 15 percent, hoping that it would reach 50 percent, through Saudi plans and endeavors to develop the sector.

Vision 2030 has sought to establish an integrated military sector, starting from finding the appropriate infrastructure to the manufacture of Saudi military products that are capable of achieving self-sufficiency, and leading to the potential ability to export these products worldwide.

In fact, the vision aims to develop a sustainable military industries sector that raises the capability of military equipment, enhances self-sufficiency and contributes effectively to the national economy.

The Saudi concept has shifted from a mere purchase between a manufacturer and a buyer of military equipment, to partnership and gains for all parties to the process.

The Ministry of Defense, led by the young Prince Khalid bin Salman bin Abdulaziz, Minister of Defense, is working with the General Authority for Military Industries (GAMI) to continue supporting the ambitious localization plan.

In addition, the Saudi Arabian Military Industries (SAMI) of the Public Investment Fund (PIF) is seeking to be among the top 25 companies specialized in defense industries in the world by 2030.

The company relies on the latest technologies and the best competencies to develop defense products and services with international specifications and achieve self-sufficiency for Saudi Arabia in the field of defense industries.



Saudi, Lebanese FMs Discuss Developments in Lebanon

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah meets with his Lebanese counterpart Abdallah Bou Habib in New York. (SPA)
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah meets with his Lebanese counterpart Abdallah Bou Habib in New York. (SPA)
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Saudi, Lebanese FMs Discuss Developments in Lebanon

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah meets with his Lebanese counterpart Abdallah Bou Habib in New York. (SPA)
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah meets with his Lebanese counterpart Abdallah Bou Habib in New York. (SPA)

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks in New York on Wednesday with his Lebanese counterpart Abdallah Bou Habib.

Meeting on the sidelines of the United Nations General Assembly, they discussed the latest developments in Lebanon in wake of Israel’s launching of intense strikes against Hezbollah.

They discussed the danger of the conflict in Gaza expanding in the region, stressing the importance of preserving Lebanon’s security and respecting its sovereignty in line with international law.