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.



China to Cut Import Tariffs on Some Recycled Copper, Aluminium Raw Materials

People walk along a bridge in Beijing, China, 28 December 2024.  EPA/JESSICA LEE
People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE
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China to Cut Import Tariffs on Some Recycled Copper, Aluminium Raw Materials

People walk along a bridge in Beijing, China, 28 December 2024.  EPA/JESSICA LEE
People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.
The Ministry of Finance announced adjustments to various import tariff categories, effective Jan. 1, aimed at increasing imports of high-quality products, expanding domestic demand and promoting high-level opening-up, Reuters quoted it as saying in a statement.
Provisional import tariffs below the most-favored-nation rates will be applied to 935 items, the ministry said. Import tariffs will be reduced on ethane and certain recycled copper and aluminium raw materials to advance green and low-carbon development.
Tariffs will rise on commodities including molasses and sugar-containing pre-mixed powders will increase but be reduced on items such as cyclic olefin polymers, ethylene-vinyl alcohol copolymers and automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles.
Import tariffs will also be reduced on items such as sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implants.
The China-Maldives Free Trade Agreement will come into effect on Jan. 1, with tariff reduction implementations, the ministry said.