Governor of the General Authority for Military Industries (GAMI), Ahmed al-Ohali has signed a Memorandum of Understanding (MoU) with South Korea's Defense Procurement Program Minister Wang Jong-hong to develop a general framework for cooperation in military acquisitions, industries, research, and military technologies.
The agreement was signed during the two-day official visit by Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, to South Korea earlier this week.
The deal was signed during a ceremony held at the Presidential Blue Palace in Seoul in the presence of Crown Prince Mohammed and President Moon Jae-in, and members of the official Saudi delegation and senior officials of the South Korean government.
Ohali said that the signing of this memorandum comes within the framework of strengthening industrial and defense partnerships between Saudi Arabia and South Korea.
The deal will contribute to the development of military acquisition capabilities, including the acquisition mechanism, the development of military industries, the development of specifications and standards for military products and the requirements of manufacturers' qualification and control, as well as the examination, evaluation and acceptance of military products, research and development and technology in the military field, he added.
The signing of this memorandum serves efforts of GAMI in localizing the industry and the sustainability of the qualitative military systems, according to Saudi Vision 2030 objectives and the Kingdom's endeavor to develop the military industries sector.
GAMI seeks to localize military industries in Saudi Arabia and achieve the national priorities of raising military readiness, enhance strategic independence, promote joint operation between the security and military authorities, develop a sustainable domestic military industries sector and increase transparency and spending efficiency.
