Saudi Arabian Military Industries signs deals at IDEX

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Sat, 2021-02-27 03:29

Saudi Arabian Military Industries (SAMI) signed several cooperation agreements with international companies and government authorities during the International Defense Exhibition and Conference (IDEX) this week.

SAMI, a wholly owned subsidiary of the Public Investment Fund (PIF), aims to enhance the Kingdom’s defense capabilities and localize its military industry as part of Saudi Arabia’s Vision 2030.

“We are pleased to achieve outstanding success through our participation in IDEX 2021,” Walid bin Abdulmajeed Abu Khaled, CEO of SAMI, said.

“This will lead us to new achievements and make Saudi Arabia one of the leading manufacturers of military systems in the world.”

SAMI signed a joint venture agreement with the US firm Lockheed Martin, the world’s largest military defense company. The venture will develop capabilities in manufacturing software technologies, along with the production, maintenance, and repair of helicopters and fixed-wing aircraft.

SAMI also signed a cooperation agreement with Nimr, which is part of the Abu Dhabi-based EDGE Technology Group. The deal will allow both companies to work together on armored military and security vehicles. It also marks the first collaboration in the field of military industries between Saudi Arabia and the UAE.

Saudi Arabia’s General Authority for Military Industries (GAMI) also signed an agreement with SAMI to be a strategic partner in next year’s IDEX.

During the five-day exhibition, GAMI Gov. Ahmed bin Abdul Aziz Al-Ohali visited the Saudi pavilion along with Saudi Ambassador to the UAE Turki bin Abdullah Al-Dakhil.

The pavilion also welcomed Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed and Lt. Gen. Sheikh Saif bin Zayed Al-Nahyan, the UAE’s deputy prime minister.

 

 

 

 

Among the major deals forged by SAMI at the IDEX was a joint venture agreement with the US firm Lockheed Martin. (SPA)
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