Latest news with #GAMI
Argaam
20-05-2025
- Business
- Argaam
Saudi Arabia set to meet localization goals in military industries pre-2030: GAMI Governor
Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), said that local and international companies operating in the Kingdom are key pillars in the localization efforts, adding that the authority plays the role of organizer, supporter and catalyst for the sector, while the hard work remains on the shoulders of these companies. In a meeting with media outlets on the sidelines of the launch of the new entity "BAE Systems Arabia for Industry", resulting from the merger between BAE Systems Saudi Development & Training Co. and the Saudi Maintenance & Supply Chain Management Co., Al Ohali stated that this marks a qualitative and strategic step that bolsters military industries in the Kingdom, noting that this step will help maximize the capabilities of the sector and achieve its goals, with the authority providing full support for such initiatives. He also pointed out that the localization rate in military industries reached 19.35% by the end of 2023, noting that the final percentage for 2024 will be announced soon, expressing his optimism to reach the targets before 2030. The jump in the localization rate from 4% to nearly 20% is due to the clarity of the strategic vision, the support of the leadership, and the integration of efforts between the concerned parties, including military and security authorities and local and international companies, said the Governor, adding that the next goal is to exceed 50% by 2030. As regards the efforts to develop the military system, he said that the Kingdom has witnessed progress in localizing the maintenance of air, land and sea systems, in addition to manufacturing spare parts and quality systems in the Kingdom, while developing national competencies working in the sector.
Saudi Gazette
11-05-2025
- Business
- Saudi Gazette
Saudi firm completes first locally produced THAAD components with Lockheed Martin
JEDDAH — Lockheed Martin Missiles and Fire Control President Tim Cahill, General Authority for Military Industries (GAMI) Assistant Deputy Nawaf Albawardi, and Arabian International Company for Steel Structures (AIC) President Wasim Attieh recently met at AIC's Jeddah facility to mark the completion of the first locally manufactured components for the Terminal High Altitude Area Defense (THAAD) launcher. The milestone reflects a growing collaboration between AIC and Lockheed Martin, aimed at advancing Saudi Arabia's defense manufacturing capabilities. The locally produced components were developed through precision welding and advanced manufacturing techniques, reinforcing both the Kingdom's defense industrial base and the U.S. supply chain by establishing a second source of production. 'This is a tremendous milestone for the United States of America and the Kingdom of Saudi Arabia as our nations work to fulfill the Kingdom's THAAD procurement,' said Tim Cahill. 'Through this program, we're not only supporting Saudi Vision 2030 and enhancing regional defense capacity, but we're also generating high-quality manufacturing jobs in the United States and strengthening the American defense industrial base.' AIC Steel President Wasim Attieh praised the collaboration, saying, 'Lockheed Martin has been an excellent partner in providing the tools and training necessary to prepare and ultimately advance the localized production of such a major component of the THAAD Weapon System. I look forward to working together to ensure a more secure future for the Kingdom of Saudi Arabia.' He also acknowledged GAMI's support throughout the project. THAAD is a combat-proven missile defense system designed to intercept short-, medium-, and intermediate-range ballistic missiles both inside and outside the earth's atmosphere. Its operational readiness, flight test success, and proven performance continue to draw international interest. — SG
Saudi Gazette
01-05-2025
- Business
- Saudi Gazette
GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition
Saudi Gazette report RIYADH — The General Authority for Military Industries (GAMI) is organizing the Saudi pavilion at the Athens International Defense and Security Exhibition (DEFEA), which will take place at the Metropolitan Expo exhibition center at Athens International Airport from May 6 to 8. Participating countries and international companies will showcase their latest systems in land, naval, and aerial defense, as well as in cybersecurity at the exhibition. DEFEA, sponsored by the Greek Ministry of Defense, hosts over 346 exhibitors from 28 countries, drawing more than 23,000 visitors. The Saudi pavilion features participation from the General Authority for Defense Development (GADD) and the Saudi Arabian Military Industries Company (SAMI). It will showcase the Kingdom's significant achievements, programs, and initiatives in the defense industry, along with the latest advanced defense technologies and systems that reflect the high level of development in the national military industries. Additionally, the pavilion highlights the policies and regulations adopted by GAMI to support both local and international investors, while promoting the promising investment environment in the Kingdom's defense sector. The Saudi pavilion showcases the key achievements, programs, and initiatives led by the Kingdom in the defense industry sector, along with the latest advanced technologies and defense systems that reflect the advanced level attained by national military industries. It also highlights the framework of policies and regulations set by GAMI to support both local and international investors, while promoting the promising investment environment in the Kingdom's defense sector. GAMI's organization of the Saudi pavilion demonstrates GAMI's strong commitment to enabling national companies and enhancing partnerships with major international firms in the military industries sector. This initiative contributes to developing the Kingdom's defense and industrial capabilities, enhances the Kingdom's position as a leading strategic destination in this vital sector, and achieves the goals of Saudi Vision 2030, which contributes to localizing more than 50% of military spending. The participation of the Saudi pavilion comes at a time when Saudi-Greek relations are experiencing significant development across various sectors in a short period, reflecting the strength of the strategic partnership between the two nations, particularly in defense, which shares common visions for maintaining regional security and stability, as well as advancing technological and industrial collaborations. It also presents an opportunity to enhance cooperation with Greek and European entities, thereby opening new avenues for experience exchange and establishing strategic partnerships that serve mutual interests.
Arab News
01-05-2025
- Business
- Arab News
Saudi Arabia to take part at Athens defense expo
RIYADH: The Saudi pavilion, organzied by The General Authority for Military Industries, is participating at the Athens International Defense and Security Exhibition, which will take place at the Metropolitan Expo center at Athens International Airport from May 6-8. Participating countries and international companies will showcase their latest systems in land, naval, and aerial defense, as well as cybersecurity. The Saudi pavilion will feature the participation of both the General Authority for Defense Development and the Saudi Arabian Military Industries Co. It will showcase the Kingdom's significant achievements, programs, and initiatives in the defense industry, along with the latest advanced defense technologies and systems that reflect the high level of development in the national military industries. Additionally, the pavilion highlights the policies and regulations adopted by GAMI to support both local and international investors, while promoting the promising investment environment in the Kingdom's defense sector. DEFEA is sponsored by the Greek Ministry of Defense and hosts over 346 exhibitors from 28 countries, attracting more than 23,000 visitors. GAMI's organization of the pavilion reflects its efforts to work in an integrated manner with the beneficiary and supporting government agencies. It also demonstrates GAMI's strong commitment to enabling national companies and enhancing partnerships with major international companies in the military industries sector.
Leaders
01-05-2025
- Business
- Leaders
GAMI Leads Saudi Arabia's Participation in DEFEA Defense Exhibition
The Saudi General Authority for Military Industries (GAMI) is arranging the participation of Saudi Arabia's pavilion in the Athens International Defense and Security Exhibition (DEFEA), which will take place at the Metropolitan Expo exhibition center at Athens International Airport. Running from from May 6-8, 2025, DEFEA will provide a platform for the participating countries and international companies to showcase their state-of-the-art systems in the domains of land, sea, and air defense, in addition to cybersecurity. The defense exhibition features more than 346 exhibitors from 37 countries and attracts over 23,000 visitors. The Saudi pavilion, organized by GAMI, will see the participation of the General Authority for Defense Development (GADD) and the Saudi Arabian Military Industries Company (SAMI), according to the Saudi Press Agency (SPA). The pavilion will showcase Saudi Arabia's top achievements, programs and initiatives in the defense industry sector, as well as advanced defense technologies and systems which demonstrate the progress achieved by the national military industries. Furthermore, the Saudi pavilion will highlight GAMI's policies and regulations to support local and international investors, and promote the promising investment environment in the Kingdom's defense sector. GAMI's organization of Saudi Arabia's participation in DEFEA aligns with its efforts towards enhancing collaborative work with beneficiary and supporting government bodies. It also underscores GAMI's commitment to empower national companies and strengthen their partnerships with major international companies in military industries sector. This, in turn, helps in developing the Kingdom's defense and industrial capabilities, establishes its status as a strategic destination in this vital sector, and realize the objectives of Saudi Vision 2030, contributing to the localization of over 50% of military spending. Moreover, the Saudi participation comes as the Saudi-Greek relations are witnessing a remarkable growth across multiple sectors, emphasizing the strength of the bilateral strategic partnership, particularly in the defense sector. Short link : Post Views: 14
