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The Latest Breaking News from SAMI

Riyadh Spent 5.1 Bln Riyals in Incentives to Local Military Industry in 2021/2022

Saudi Arabia has spent 5.1 billion riyals ($1.4 billion) in incentives to boost its local military industry over the last two years, the governor of the sector's General Authority said on Monday. Ahmad Al-Ohali said the incentives included 3.3 billion riyals which was directed to research and development in the…

Asharq Al-Awsat · Dec 12, 2022

Riyadh spent 5.1 billion riyals in incentives to local military industry in 2021/2022

Saudi Arabia has spent 5.1 billion riyals ($1.4 billion) in incentives to boost its local military industry over the last two years, the governor of the sector's General Authority said on Monday.

Reuters · Dec 12, 2022

Saudi-British Project to Develop Defensive Systems, Tactical Missiles

The Saudi General Authority for Competition unveiled a joint project between Sami Defense Systems LLC and British MBDA for the development of defensive systems and tactical missiles. Dr.

Asharq Al-Awsat · Sep 19, 2022

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SAMI Is Strategic Sponsor of Second Saudi International Maritime Forum

The Saudi Arabian Military Industries (SAMI) will participate as a strategic sponsor at the second Saudi International Maritime Forum that will be organized by the Royal Saudi Navy in Jeddah between November 15 and 17, 2022, reported the Saudi Press Agency on Saturday. The event will be held under the…

Asharq Al-Awsat · Sep 11, 2022

Saudi Arabia Concludes its Participation at Farnborough International Airshow

Saudi Arabia concluded its participation at Farnborough International Airshow (FIA 2022). The five-day show was held in the United Kingdom, and witnessed wide-scale participation from across the globe. Under the national “Invest Saudi”, the Saudi Pavilion was organized and led by the General Authority for Military Industries (GAMI). It comprised…

Asharq Al-Awsat · Jul 22, 2022

Saudi SAMI Signs Agreements with Airbus Helicopter Arabia, Singapore's ST Engineering

The Aviation and Space Systems Sector, an affiliate of Saudi Arabian Military Industries (SAMI), signed on Monday a contract with Airbus Helicopters Arabia, the Kingdom’s subsidiary of Airbus helicopters to support SAMI in building its technical capabilities to provide rotercraft technical support to Saudi Armed forces.

Asharq Al-Awsat · Jul 19, 2022

Saudi Sovereign Wealth Fund Announces Joint Venture with Boeing

SAMI group, a wholly owned subsidiary of the Public Investment Fund and the Kingdom’s national defense localization champion, has announced a preliminary agreement with Boeing. Under the terms of the agreement, both companies will enter into a Kingdom-focused joint venture. The announcement was made at a signing ceremony during the…

Asharq Al-Awsat · Apr 10, 2022

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Saudi Arabia’s World Defense Show to Feature Industry Giants

Under the patronage of King Salman bin Abdulaziz, Saudi Arabia is preparing to host the World Defense Exhibition - the most important global event in the field of defense and security - in the presence and participation of the giants of the aviation, security and defense industries from 37 countries.…

Asharq Al-Awsat · Feb 8, 2022

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