Breaking: Saudi Arabia: Launch of a new national company for military industries

[The SC]

The Public Investment Fund announced the establishment of a new national military industries company named Saudi Military Industries Company.

The new company is an important component of the Kingdom of Saudi Arabia's military industries and will become a sustainable platform for delivering world-class military products and services.

It should be noted that the Public Investment Fund must complete the formal procedures for obtaining the necessary licenses from the relevant parties.

The company's strategic objective is to reach the top 25 global military industries by 2030, making Saudi Arabia a strong partner in the global military industry.

The company's direct contribution to Saudi Arabia's gross domestic product is expected to exceed SR 14 billion. The company will allocate SR 6 billion to invest in research and development and will provide more than 40,000 jobs in the Kingdom, mostly in advanced technology and engineering. It will also generate more than 30,000 indirect jobs and create hundreds of SMEs. To ensure the localization of these skills and the development and retention of Saudi talent, the company plans to announce a wide range of training and sponsorship programs for students in universities and technical and technical colleges throughout the Kingdom.

On the occasion, Prince Mohammed bin Abdul Rahman bin Abdul Aziz, Crown Prince, Second Deputy Prime Minister and Minister of Defense and Chairman of the Public Investment Fund, said:

"Although the Kingdom is one of the top five countries to spend on security and defense worldwide, internal spending is only 2% of that spending," he said, adding that the company will seek to be a key catalyst for the shift in the military industry sector and to support the growth of the sector. To be able to settle 50% of total government military spending in the Kingdom by 2030. "

Crown Prince also pointed out that "the company will positively affect the Kingdom's GDP and balance of payments because it will lead the military industries sector to increase local content, increase exports and bring foreign investment to the Kingdom by entering into joint ventures with the world's leading military industry. In addition, the company will increase demand for local products from components and raw materials such as iron and aluminum, logistics and training services. "

"The company will offer its products and services in four vital areas that complement each other and provide the main needs of the military sector in the Kingdom in the future, taking advantage of the existing military industrial capabilities in the Kingdom These four areas are: The field of air systems including maintenance and repair of fixed wing aircraft and aircraft industry
Maintenance and repair of military vehicles
Weapons, ammunition and missiles
And defense electronics, including radars, sensors, communications systems and electronic warfare.
The military industries will be able to establish subsidiaries in each of these four areas through joint ventures with OEMs and benefit from local military industries.
In the future, Saudi Military Industries will retain the structural flexibility to establish more business units, Developments at the level of modern technologies and trends in military industries. "

https://www.alarabiya.net/ar/saudi-today/2017/05/18/السعودية-إطلاق-شركة-وطنية-جديدة-للصناعات-العسكرية.html

 

[Mrc]

Great going

 

[BATMAN]

I think Pakistan can never be able to account the loss it incurred by refusing to join Islamic alliance against terrorism.
Saudi Arabia should have been, if not Pakistan's biggest customer than biggest partner.
Now Saudis will do it alone, as they have done with basic industries and petroleum complex.

 

[EgyptianAmerican]

I think Pakistan can never be able to account the loss it incurred by refusing to join Islamic alliance against terrorism.
Saudi Arabia should have been, if not Pakistan's biggest customer than biggest partner.
Now Saudis will do it alone, as they have done with basic industries and petroleum complex.

Pakistan? Pretty sure Pakistan is in the Alliance. No worries bro

 

[EgyptianAmerican]

The Public Investment Fund announced the establishment of a new national military industries company named Saudi Military Industries Company.

The new company is an important component of the Kingdom of Saudi Arabia's military industries and will become a sustainable platform for delivering world-class military products and services.

It should be noted that the Public Investment Fund must complete the formal procedures for obtaining the necessary licenses from the relevant parties.

The company's strategic objective is to reach the top 25 global military industries by 2030, making Saudi Arabia a strong partner in the global military industry.

The company's direct contribution to Saudi Arabia's gross domestic product is expected to exceed SR 14 billion. The company will allocate SR 6 billion to invest in research and development and will provide more than 40,000 jobs in the Kingdom, mostly in advanced technology and engineering. It will also generate more than 30,000 indirect jobs and create hundreds of SMEs. To ensure the localization of these skills and the development and retention of Saudi talent, the company plans to announce a wide range of training and sponsorship programs for students in universities and technical and technical colleges throughout the Kingdom.

On the occasion, Prince Mohammed bin Abdul Rahman bin Abdul Aziz, Crown Prince, Second Deputy Prime Minister and Minister of Defense and Chairman of the Public Investment Fund, said:

"Although the Kingdom is one of the top five countries to spend on security and defense worldwide, internal spending is only 2% of that spending," he said, adding that the company will seek to be a key catalyst for the shift in the military industry sector and to support the growth of the sector. To be able to settle 50% of total government military spending in the Kingdom by 2030. "

Crown Prince also pointed out that "the company will positively affect the Kingdom's GDP and balance of payments because it will lead the military industries sector to increase local content, increase exports and bring foreign investment to the Kingdom by entering into joint ventures with the world's leading military industry. In addition, the company will increase demand for local products from components and raw materials such as iron and aluminum, logistics and training services. "

"The company will offer its products and services in four vital areas that complement each other and provide the main needs of the military sector in the Kingdom in the future, taking advantage of the existing military industrial capabilities in the Kingdom These four areas are: The field of air systems including maintenance and repair of fixed wing aircraft and aircraft industry
Maintenance and repair of military vehicles
Weapons, ammunition and missiles
And defense electronics, including radars, sensors, communications systems and electronic warfare.
The military industries will be able to establish subsidiaries in each of these four areas through joint ventures with OEMs and benefit from local military industries.
In the future, Saudi Military Industries will retain the structural flexibility to establish more business units, Developments at the level of modern technologies and trends in military industries. "

https://www.alarabiya.net/ar/saudi-today/2017/05/18/السعودية-إطلاق-شركة-وطنية-جديدة-للصناعات-العسكرية.html

You guys need to work on manufacturing chest rigs,helmets, and camo because a lot of Arab countries are lacking in those departments a lot. You could make a lot of money off of that.

 

[The SC]

You guys need to work on manufacturing chest rigs,helmets, and camo because a lot of Arab countries are lacking in those departments a lot. You could make a lot of money off of that.

KSA is already making them, UAE too, but this is relatively low tech, every Arab country should be able to make its own following a generalised standard..

 

[KediKesenFare3]

Let's hope that our grandchildren will witness a modern, progressive and technologically advanced country. A nation we - the Muslim world - can proudly present to the whole world.

 

[HannibalBarca]

Let's hope that our grandchildren will witness a modern, progressive and technologically advanced country. A nation we - the Muslim world - can proudly present to the whole world.

Let's hope we see it in our living... around the Muslim world...

 

[EgyptianAmerican]

KSA is already making them, UAE too, but this is relatively low tech, every Arab country should be able to make its own following a generalised standard..

May be low tech but is a serious problem in many Arab countries. Look at Egypt,Algeria,Iraq,Jordan. All have similar problems with lack of good digital camo,crap helmets,bad body armor, and barely any chest rigs.

 

[The SC]

May be low tech but is a serious problem in many Arab countries. Look at Egypt,Algeria,Iraq,Jordan,Oman. All have similar problems with lack of good digital camo,crap helmets,bad body armor, and barely any chest rigs.

Digital camouflage is no low tech, it is at the edge of technology, but you are right, KSA or the UAE should concentrate on it more, but for the rest, I suggest a standardisation throughout the Arab world and spreading the manufacture of different parts all over the Arab countries or most of them..each one specializing in that part..

 

[KediKesenFare3]

GCC countries should intensify their coordination. It would be more economical to implement a "division of work" project. UAE should specialize on armored vehicles including tanks, Saudi Arabia could concentrate on aviation and navy tech, Kuwait should deal with radar tech etc.

 

[The SC]

GCC countries should intensify their coordination. It would be more economical to implement a "division of work" project. UAE should specialize on armored vehicles including tanks, Saudi Arabia could concentrate on aviation and navy tech, Kuwait should deal with radar tech etc.

They will, but KSA seems to have the most capacity in these fields, followed by the UAE, if not preceded by it in some few fields..this movement towards military industrialisation is spread all over the Arab world, and that is where the division of work will take place in due time.. the whole process is still in its infancy, but taking leaps forward throughout the Arab world.. first to catch up with other Muslim countries like Pakistan, Indonesia and Malaysia, then to Turkey and other advanced Industrialised nations..The Arabs have the potential and have shown the will, so we will likely see progress..

 

[Awan68]

I think Pakistan can never be able to account the loss it incurred by refusing to join Islamic alliance against terrorism.
Saudi Arabia should have been, if not Pakistan's biggest customer than biggest partner.
Now Saudis will do it alone, as they have done with basic industries and petroleum complex.

Do u live in a cave somewhere?? We not only joined it but also our former army chief is running it.....

 

[OguzSenturk]

then to Turkey and other advanced Industrialised nations.

We are not an industrialised nation at all. Only sector in Turkey which grown up well is Defence industry due to State sponsorship and huge modernisation needs of Turkish Army.

We are lagging all other industrial sectors, even in agriculture industury. People are still using sticks instead of combine-harvesters We started to advance in other industrial areas recently.

 

[Awan68]

They are coming to the table very late, they should've started this in the 80's, with the money they had, they would now be making atleast 4.5 gen jets in house atleast coupled with every other micro to macro defence need, but still late is better than never, good ridance and luck to arabia, may they again rise to past glories...