Saudi: $177.06mln allocated by GADD through SAMI to develop local defense industry
The General Authority for Defense Development (GADD) and SAMI launched today two programs to support the localization of the defense development sector in the Kingdom of Saudi Arabia. The two programs, valued at SAR664 million, will run for 4 years and represent the first batch of GADD’s incentives programs for the sector. They include grants […]
Saudi’s Wahaj picks IFS Cloud to accelerate digitalization
IFS, the global cloud enterprise software company, has announced that Saudi Advanced Technologies Company (Wahaj) has selected IFS Cloud ERP and defense manufacturing solutions. Wahaj is Saudi Arabia’s fastest-growing precision engineering & manufacturing company in the Aerospace and defense as well as Oil and Gas sectors and a fully owned affiliate of Sahara International Petrochemical […]
Saudi & Turkish companies sign deals to localize drone industry
Under the patronage of Minister of Defense, Prince Khalid bin Salman bin Abdulaziz, several Saudi companies specialized in military and defense industries, and Turkish defense companies have signed an agreement and two memorandums of understanding (MoUs) in order to localize the drone industry and its component systems within the Kingdom. The agreement and MoUs are […]
Saudi SCOPA and Airbus agree to produce helicopters in the kingdom – SCOPA CEO
Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by Saudi Arabia’s Crown Prince Mohammed […]
SAMI chief: Saudi Arabia to manufacture drones locally
Eng. Walid Abukhaled, CEO of the Saudi Arabian Military Industries (SAMI), said that the Kingdom is working on manufacturing drones locally, taking into account their significance in the current scenario. In his speech at the Saudi Budget Forum 2023, organized by the Ministry of Finance, here on Monday, he said: “If we look at globally, […]