RIYADH: The Military Industries Co., in collaboration with the Ministry of Industry and Mineral Resources and the National Center for Privatization, announced on Thursday the launch of the expression of interest and request for qualification phases for the privatization of the Military Uniform and Accessories Factory in Al-Kharj.
Local and international investors are invited to visit the NCP website to review further information and details of the EOI and RFQ. The deadline for submission is Oct. 16.
The privatization will be executed through a purchase agreement, transferring full ownership from MIC to the private sector.
The transfer of ownership will ensure compliance with military industry regulations and licensing requirements set by the General Authority for Military Industries.
It will also sustain and enhance production capacity for military and non-military uniforms and accessories while enabling the development of new business opportunities, including entry into business-to-business markets and export growth.
