SAUDI ARABIA EXPANDS ITS GLOBAL DEFENSE FOOTPRINT AT THE DSEI EVENT IN LONDON
The Kingdom of Saudi Arabia is participating in this year’s Defense and Security Equipment International (DSEI) event in London. The Kingdom will be represented by key local entities including the General Authority of Military Industries (GAMI), the Ministry of Investment (MISA) under the Kingdom’s nation-wide investment brand INVEST SAUDI, the Saudi Arabian Military Industries (SAMI) and the World Defense Show (WDS).
The Saudi pavilion will expand the nation’s strategic defense footprint by raising awareness on Saudi Arabia’s military industries ecosystem, promoting investment opportunities, and establishing long-term partnerships with international companies in the sector.
GAMI’s Governor, H.E. Ahmad Abdulaziz Al-Ohali, said “Our participation in DSEI is key to enhancing Saudi Arabia's domestic capabilities and fostering collaboration between local and foreign suppliers, resulting in swift progress toward Vision 2030's localization targets.’’ He continued, ‘'We are open to forming strategic partnerships that will help the military industries sector's development and growth. We believe that working together to support our common business interests at DSEI will ensure the best possible outcomes for all involved parties”.
Saudi Arabia’s participation at DSEI follows the Kingdom’s latest supply chain initiative announced by GAMI, the nation’s military industries regulator, enabler, and licensor. The initiative identified 74 investment opportunities, worth nearly billions of dollars across six domains of the military industries sector. All of which are open to local and international companies via the Military Industry Marketplace, a digital platform offering investors easy access to the targeted localization opportunities and partners.
On the sidelines of DSEI, the Saudi delegation will host roadshow meetings to present Saudi Arabia’s military industries sector’s opportunities and establish long-term partnerships with international companies attending the event.
As of Q2 2021, GAMI has issued military licenses to 99 companies across different military industry areas such as manufacturing, services, and trading.