Excellent news and this is an important part of the very ambitious "Saudi Arabia vision 2030".
All NATO-type small arms used by Saudi Arabia are produced in Saudi Arabia alongside ammunition from 9mm up to 20mm cannon shells.
Recently, the factories were upgraded with the help of Denel corporation (of South Africa) to produce mortar bombs and artillery shells up to 155mm caliber.
Many of the light armored vehicles and MRAPs are now produced in Saudi Arabia (Shibl-1, Shibl-2 and Masmak MRAP)
In cooperation with Antonov, Saudi Arabia will
produce Antonov Cargo planes in-country
Czech Manufacturer Tatra has an assembly plant in country that already provides medium and heavy transport trucks for Saudi forces
Saudi Arabia already produces the British Thales Damocles targeting pod in country
The same company maintains the spares for the Sniper targeting pods
Taqnia Aernoautics will build a helicopter production facility in country with the help of Sikorsky
The recent F-15SA deal included parts by Al Salam Aircraft company
Most notably the front fuselage and the wing portions
Overall, it's not where it needs to be (far from it) but the situation is getting better. After all we only have around 25 million (albeit we have a growing population) locals so this limits the capabilities especially as we are a developing country despite very high living standards.
The youth of KSA today (over 2/3 of the population is below 30 years of age) is highly educated and if the private sector became much more developed (a key area for future success and a key focus area in the "Saudi Arabia vision 2030") a indigenous arms industry could provide thousands upon thousands of jobs for local engineers, manufacturing firms etc.
The focus should be on JVs with fellow Arab, Muslim and allied countries but not only. Cooperation should reach new heights. It's the necessity of the hour for all Arab and Muslim countries. The future is highly promising if given the chance to blossom.
