RIYADH: Saudi Arabian Military Industries unveiled a slate of new subsidiaries and industrial projects at the World Defense Show in Riyadh, reinforcing its push to localize more than 50 percent of the Kingdom’s defense spending by 2030 in line with Saudi Vision 2030.
Under the patronage of Saudi Defense Minister and Chairman of SAMI Prince Khalid bin Salman, the company announced the launch of SAMI Land Co., SAMI Autonomous Co., the SAMI Land Industrial Complex, and the HEET indigenous vehicle program.
“We know that there is a huge demand in the land forces and most of the land systems users,” said Wael Al-Sarhan, SAMI’s chief communication officer, speaking to Arab News. “That’s why it’s one of the first companies that we worked on to spin off as an independent company.
“Today, the first need is to equip the land forces, defense, and security forces with local MRO (maintenance, repair, and overhaul) services (based) on their need and on their current systems that they have,” he added.
“The second is to see the needs across all of the land forces and start working accordingly upon the demand. We think that land forces will contribute significantly … (to) localization.”
