Military Industries Sector Capabilities Launch Ceremony

The Authority celebrated the launch of a number of capabilities in the military industries sector in the Kingdom on Monday, March 20, 2023, at the Four Seasons Hotel in
Riyadh.

The event was attended by several dignitaries, including the Minister of Investment,Engineer Khaled Al-Falih, Minister of Industry and Mineral Resources, Bandar Al-Khorayef, His Excellency Dr. Falih Al-Sulaiman, the Governor of the General Authority for Defense Development, as well as several Princes, Ministers, and Executives of local companies operating in the sector and from investing companies in the military and defense industries in the Kingdom.

The event featured a ministerial dialogue session titled "The Role of the National System in Stimulating Investment in the Military Industrial Sector and Empowering the
Investor with Promising Opportunities to Contribute to Achieving Vision 2030 Targets."

It was attended by His Excellency Minister of Investment, Engineer Khaled Al-Falih, His Excellency Minister of Industry and Mineral Resources, Bandar Al-Khorayef, His
Excellency the Governor of the General Authority for Military Industries, Engineer Ahmad Al-Ohali, and His Excellency Dr. Falih Al-Sulaiman, Governor of the General
Authority for Defense Development.

The event also included the announcement of several Memoranda of Understanding aimed at supporting the sector's directions and achieving its national targets.