Saudi Arabia joins Global Defence and Security event EUROSATORY 2024
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Riyadh: Saudi Arabia is all set to participate in the Global Event for Defence and Security EUROSATORY 2024. The event will be held in Paris from June 17 to 21, 2024.
The General Authority for Military Industries (GAMI) works closely with government and private entities to organize participation in the event for Saudi Arabia.
Participants in the Saudi pavilion include 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(Saudia Technic). These include the Saudi Arabian Military Industries (SAMI), Saudia Technic, Life Shield for military industries, 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).
This participation aims to boost the Kingdom's position in international forums and showcase the favourable investment climate, with a special focus on welcoming investors worldwide to the military industries sector in Saudi Arabia. It also highlights the efforts to develop research and innovation in the military industries and the national priorities that GAMI gives to the sector.
The most prominent policies, legislation, and incentives that stimulate the localization process and empower the military industry sector are reviewed. It also aims to enhance supply chains and investment opportunities, introduce the main Saudi products in the military industries sector and emphasize the importance of joint efforts to achieve the military industries sector's strategy.
The Saudi Pavilion's participation in EUROSATORY 2024 shows the strong support the military industries sector in Saudi Arabia receives from its visionary leadership. The goal is to enhance the Kingdom's strategic independence, develop national military industry capabilities, and localize this sector by over 50% by 2030. This will boost the Saudi economy by promoting research, innovation, technology transfer and job opportunities for young Saudis. It will also strengthen the military industries sector's role in building a vibrant economy.