Saudi Arabia to invest more than $20 bln in its military industry

[Mohamed Bin Tughlaq]

Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom's military industry regulator said on Saturday.

The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to spend 50% of the military budget locally by 2030.

"The government has put a plan that we will be investing in excess of $10 billion in the military industry in Saudi Arabia over the next decade and equal amounts on research and development," Governor of the General Authority for Military Industries (GAMI) Ahmed bin Abdulaziz Al-Ohali told a defence conference in Abu Dhabi.

He also said the kingdom plans to increase military research and development (R&D) spending from 0.2% to around 4% of armaments expenditure by 2030.

Saudi Arabia to invest more than $20 bln in its military industry

Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part

www.jpost.com

 

[TNT]

Good step but i think they are very late. They had the money, they should have started this 20 years ago. Indigenous weapons development is a slow process, especially the critical components and systems are extremely difficult.

 

[aziqbal]

to bomb more kids in Yemen?

 

[PakistaniAtBahrain]

to bomb more kids in Yemen?

maybe to sell them to Israel to bomb Palestine.

 

[BATMAN]

to bomb more kids in Yemen?

Here are the kids who are getting bombed...

50 Pakistani fighters killed in Turkish strikes in Syria — Pakistan officials

KARACHI: Up to 50 Pakistani fighters have been killed in military action by the Turkish army and Syrian regime forces in Syria’s last major rebel stronghold in the northwest of the country, officials told Arab News this week. Fighting has escalated dramatically in recent days in Idlib in...

www.arabnews.pk

maybe to sell them to Israel to bomb Palestine.

May be..................... if wishes were horse, beggars would ride

 

[Bahram Esfandiari]

Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom's military industry regulator said on Saturday.

The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to spend 50% of the military budget locally by 2030.

"The government has put a plan that we will be investing in excess of $10 billion in the military industry in Saudi Arabia over the next decade and equal amounts on research and development," Governor of the General Authority for Military Industries (GAMI) Ahmed bin Abdulaziz Al-Ohali told a defence conference in Abu Dhabi.

He also said the kingdom plans to increase military research and development (R&D) spending from 0.2% to around 4% of armaments expenditure by 2030.

Saudi Arabia to invest more than $20 bln in its military industry

Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part

www.jpost.com

I can smell regime change coming to Saudi Arabia!

 

[Sina-1]

Money is nothing. Honor is everything!

If they are honorable then sky is the limit. If not and in fact they are only lazy cowards then they can throw in 100 times that amount and it won’t do them any good!