Saudi Firms Export Advanced Military Parts Abroad

The 2016 Armed Forces Exhibition for Diversity of Requirements and Capabilities. (AFED)
The 2016 Armed Forces Exhibition for Diversity of Requirements and Capabilities. (AFED)
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Saudi Firms Export Advanced Military Parts Abroad

The 2016 Armed Forces Exhibition for Diversity of Requirements and Capabilities. (AFED)
The 2016 Armed Forces Exhibition for Diversity of Requirements and Capabilities. (AFED)

General Department for Local Manufacturing Support General Director Engineer Atiyah al-Maleki affirmed that military factories in Saudi Arabia are manufacturing high-quality advanced military parts and units, which are being exported abroad.

He added that there is an aim to develop current military factories in the kingdom, lauding some firms on their commitment to produce and develop military parts ordered by beneficiaries.

“Project contracts related to military industries impose a 50 percent nationalization ratio. Factories are also obligated to manufacture the items locally, instead of importing them, once the capabilities are acquired,” Maleki told Asharq Al-Awsat.

With the launch of Decisive Storm and Restoring Hope military operations, an emergency team was formed to manufacture the military parts that are needed for these missions, he explained.

The private sector has been eager to present its capabilities in this field in order to market its products and strike partnerships with beneficiaries, he revealed.

In a related matter, the Saudi Ministry of Defense will organize the 2018 Armed Forces Exhibition for Diversity of Requirements and Capabilities at the Riyadh International Convention and Exhibition Center from February 25 to March 3.

Through the exhibition, the ministry aims to support the nationalization of the spare parts industries, inform the private sector about the armed forces requirements, establish communication channels to coordinate among beneficiaries, armed forces, factories, local and international companies and research parties and form a long-term strategic relation with the private sector.

Through this event, which is considered the greatest of its kind in the Middle East, the Ministry of Defense will have the opportunity to showcase its capabilities in the manufacturing of parts and units needed by the armed forces.



Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
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Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) has said that the total revenue of non-profit sector organizations in the Kingdom amounted to SAR54.4 billion ($14.5 Billion) in 2023, marking a 33% increase compared to 2022.

The results, shown in the Non-Profit Sector Bulletin for 2023, indicated that health-related activities recorded the highest growth rate compared to the previous year, contributing 70% of the total revenue of the non-profit sector organizations, followed by education and research activities with a 53% increase, and volunteer brokerage and promotion activities with a 36% rise. These activities were the main contributors to the total revenue of non-profit organizations.

The bulletin also revealed that total expenditures of the non-profit sector reached SAR47 billion in 2023. Health-related activities represented the highest expenditure category, showing a 74% increase, followed by education and research activities with a 55% rise, and environmental activities with a 34% increase compared to 2022. These activities were the leading contributors to the total expenditures of non-profit organizations.

The figures also underscored the relative contribution of employed individuals to key activities within the non-profit sector in 2023. Cultural and entertainment activities led with a 27.6%, followed by social services activities at 27.2%, development and housing activities at 12.4%, health activities at 11.5%, and education and research activities at 7.5%. The remaining non-profit sector activities accounted for the remaining 13.8%.