Saudi Arabia's Pavilion Debuts at EUROSATORY 2024

Paris, France, June 17, 2024: His Excellency Eng. Ahmad Abdulaziz Al-Ohali, Governor of the General Authority for Military Industries (GAMI), officially opened the Saudi Arabia Pavilion at the Global Event for Defence and Security EUROSATORY 2024 in Paris. The ceremony was attended by His Excellency Eng. Talal bin Abdullah Al-Otaibi Saudi assistant minister of defense, Mr. Fahd bin Mayouf Al-Ruwaili, the Saudi Ambassador to France, as well as other officials, investors, and decision-makers in the defense and security sector.       

Al-Ohali was briefed about the main exhibits and products of the national entities participating in the Saudi Pavilion. He listened to a detailed explanation about the latest developments and achievements in the military industries sector, which includes the Ministry of Investment represented by the Invest Saudi platform (INVEST SAUDI), the General Authority for Defense Development (GADD), and several major Saudi national institutions and companies specialized in the field of military industries. These include the Saudi Arabian Military Industries (SAMI), Saudia Technic (Saudia Technic), Life Shield for military industries (Life shield), Scopa Industries (Scopa), Arabian International Co. for Steel Structures (AIC Steel), Saudi Leather Industries Company (SLIC), Al-Esnad for Military Supplies (AL-ESNAD), Khidmat Ray Manufacturing Co. (KRMC), in addition to the World Defense Show (WDS). The participating entities in the Saudi Pavilion are reviewing the rapid steps taken by the military industries sector to continue localizing and empowering the sector. It is rich in local capabilities that meet the practical needs of the military agencies within the framework of the sector's rapid growth in attracting quality investments that will help develop a thriving economy and sustainable industry.

The Governor of GAMI noted that this strategic participation of the Kingdom aims to empower companies operating in the defense and security sector to meet with investors interested in the quality opportunities that the sector witnesses by highlighting the attractive investment environment, discussing international cooperation prospects with major regional and international companies, and activating and supporting qualitative partnerships between local companies operating in the sector and their counterparts from specialized global defense and security industries. The military industries sector in the Kingdom, represented by GAMI and its strategic partners from the government and private sectors, seeks to enhance cooperation and exchange knowledge and expertise to achieve the strategic goal of the sector, which is to localize more than 50% of the Kingdom's spending on military equipment and services by the year 2030.