Saudi Arabia’s General Authority for Military Industries (GAMI) is participating in the Farnborough International Airshow (FIA) 2024, one of the world’s largest and most influential defense and aerospace exhibitions. The event will occur from July 22 to 26, 2024, in Hampshire, London, United Kingdom.
GAMI aims to showcase its efforts in developing the military industries sector in Saudi Arabia, with the goal of enhancing national military manufacturing capabilities and making the sector a significant contributor to the Saudi economy and its defense and security independence.
The participation in FIA aims to highlight the capabilities of the Saudi military and defense industries sector and the achievements made by GAMI in building industrial and service capabilities in the Kingdom, in line with its strategic role in localizing over 50% of government spending on military equipment and services by 2030, the Saudi Press Agency (SPA) reported.
GAMI welcomes investors from around the world who are interested in investing in the promising military industries sector in the Kingdom. The authority will showcase the supply chains it has established for small and medium-sized local and foreign companies as part of its efforts to create numerous investment opportunities in the military industries sector, in addition to strengthening international partnerships to achieve strategic independence for the military industries. This will enable the sector to develop military and security systems and industries.
This participation comes at a time of rapid development and localization in the military industries sector in the Kingdom, as well as an increase in investment opportunities and abundant local capabilities to meet the operational needs of military devices. It is in line with the Kingdom’s focus on the sector by creating strategic partnerships and engaging with international investors interested in investing in Saudi Arabia. These efforts align with the wise leadership's directives to localize various industries in the Kingdom, enrich the national economy, and strengthen its strategic independence.
