Saudi Arabia is preparing to partake in the International Defense Exhibition (IDEX 2021), scheduled for February 21-25 in the United Arab Emirates capital, Abu Dhabi. The kingdom’s investment ministry, along with other Saudi bodies and firms will be taking part under the slogan “Invest in Saudi Arabia”.
In a move to grow the local defense industry and reduce reliance on imported weaponry, Saudi Arabia is looking to localize 50% of its military expenditure.
A major part of this shift will be securing investment in the Kingdom's growing defense industry including through events like IDEX.
The Kingdom’s participation at the IDEX 2021 will be through the Saudi pavilion, led and organized by the General Authority for Military Industries (GAMI).
GAMI and 12 other major Saudi companies specializing in the military and security will introduce developments in Saudi military technology at the event.
The event will host international leaders and developers of the latest defense and security technologies across land, sea and air defense.
Due to COVID-19 restrictions, the exhibition will be a hybrid of virtual and in person showcasing.
The five-day exhibition will offer opportunities to forge relations between Saudi Arabia and other defense investors across the world.
More so, the Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), will also participate in the Saudi pavilion at IDEX this year.
“SAMI aims to represent the Kingdom of Saudi Arabia at the international exhibition and support the vision of the Kingdom’s leadership for the military industries sector,” said a statement carried by the state-owned Saudi Press Agency (SPA).
It is worth noting that SAMI supports PIF’s efforts in localizing cutting-edge technology and knowledge, as well as building strategic economic partnerships.
SAMI will exhibit its most significant accomplishments in the sector and its local capabilities in meeting the operational needs of the military.
Saudi Arabia’s military industries sector is witnessing unprecedented support in terms of empowering local manufacturers, developing promising local companies, and supporting major national companies to strengthen their position globally.