Saudi Arabia Set To Highlight Military Innovations At Eurosatory 2024 In Paris

The Kingdom of Saudi Arabia is set to participate in the Eurosatory 2024 exhibition, a prominent global event for defence and security. Scheduled from June 17 to 21 in Paris, this participation is spearheaded by the General Authority for Military Industries (GAMI) in collaboration with public and private sector partners.

The Saudi pavilion will feature the Ministry of Investment's Invest Saudi platform, the General Authority for Defence Development (GADD), and several major Saudi institutions and companies. These include the Saudi Arabian Military Industries (SAMI), Saudia Aerospace Engineering Industries (Saudia Technic), Life Shield, Scopa, Arabian International Company (AIC), Saudi Leather Industries Company (SLIC), Al-Esnad for Military Supplies Company, Khidmat Ray Manufacturing Company (KRMC), and the World Defence Show (WDS).

Participation in Eurosatory 2024 aims to bolster the Kingdom's presence on the international stage. It will highlight Saudi Arabia's attractive investment environment and welcome global investors in the military industries sector. The event will also showcase key policies, laws, and incentives that stimulate the localization process and empower the military industries sector.

GAMI's focus aligns with national priorities to intensify research and innovation activities in military industries. This includes enhancing supply chains and investment opportunities, highlighting leading Saudi military products, and uniting efforts to implement the military industries strategy.

The participation underscores the support and attention the military industries receive from Saudi leadership. The vision is to increase strategic independence, develop military-industrial capabilities, and localize over 50% of military equipment and services spending by 2030.

The goal is for the military industries sector to significantly contribute to the Saudi economy through enhanced research, innovation, technology transfer, localization, job creation for Saudis, and maximizing its potential. This effort aims to reinforce its role in building a vibrant and prosperous economy.

With inputs from SPA