https://arab.news/jvpxh
RIYADH: Saudi Defense Minister Prince Khalid bin Salman on Sunday inaugurated the second World Defense Show in Riyadh on behalf of Crown Prince Mohammed bin Salman.
Held under the patronage of King Salman, the event was organized by the General Authority for Military Industries. The show, to run until Feb. 8, showcases the Kingdom’s commitment to becoming a global hub for the defense industry, said a press release issued on Sunday.
The defense minister toured the exhibition, which features participation from over 773 exhibitors representing more than 75 countries, alongside numerous government entities and leading local and international companies in the defense and security sector. He also viewed the aerial displays, static aircraft exhibitions, and ground equipment in the display area.
Speaking on the occasion, GAMI Gov. Ahmad Al-Ohali, said that the Kingdom has begun to reap the benefits of the huge support extended by the country’s leadership, with localization rates in the defense sector increasing from 4 percent to 13.6 percent at the end of 2022.
“The number of foundational permits and licenses reached 477 permits for 265 companies operating in the defense industries sector, alongside the launch of over 74 investment opportunities for supply chain localization,” the top official said.
Al-Ohali said the sector’s contribution to the gross domestic product is expected to reach approximately SR 93.75 billion ($25 billion) by 2030, with an estimated total of 40,000 direct job opportunities and 60,000 indirect job opportunities.
He also highlighted the exhibition’s significance as a global platform for defense and security industry experts, manufacturers, and decision-makers.
The Kingdom’s Interior Ministry pavilion showcased unique innovations that aim to enhance security and contribute to the development of the capabilities of security personnel.
One of their latest additions is the “Police Dog” automated vehicle, a technologically advanced solution powered by artificial intelligence. Another innovative product is the electric security vehicle, Lucid, that is equipped with sophisticated features, including a drone capable of reaching hard-to-access areas.
Col. Talal Al-Shalhoub, the ministry’s spokesman said the exhibited technologies throughout the pavilion not only enhance the work of security personnel and improve the quality of life but also provide a comprehensive solution to strengthen security in the Kingdom.
INTRA Defense Technologies unveiled its drone system called “Somum.” The company’s chairman, Salman Al-Shathri, was quoted as saying in a section of press: “We believe it will enter service within two years — at the end of 2025. The finalized version can fly at an altitude of approximately 50,000 feet, carrying a significant payload of weapons, radar systems, and optical reconnaissance systems.”
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted the integral role of a robust industrial base in supporting the military industry. He stated: “We cannot imagine a military industry without a strong industrial base. We are collaborating with industries to ensure the availability of raw materials required for military production.”
He said: “We are actively developing sectors such as iron and its derivatives, chemicals, and electronics to create alternatives for military industries.”
According to the minister, this exhibition provides a platform to showcase these opportunities to investors, serving both military and civilian sectors.