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- The pavilion, organized by the General Authority for Military Industries, sought to welcome investors from all over the world
RIYADH: Saudi Arabia concluded its participation in the global defense and security exhibition Eurosatory 2024 in Paris on Friday, where officials sought to boost partnerships with France, the state news agency SPA reported.
The Saudi pavilion participating in the exhibition, which started on Monday, saw wide interaction and a large presence to view the latest achievements, products and developments of the military industries sector in the Kingdom, SPA reported.
The pavilion, organized by the General Authority for Military Industries, sought to welcome investors from all over the world looking to invest in the military industries sector, and the efforts made to develop research and innovation in the sector.
It also reviewed the most prominent policies, legislation and incentives in Saudi Arabia that contributed to stimulating the process of localization and empowerment of the sector, enhancing supply chains and investment opportunities, and the importance of concerted efforts to achieve the military industries sector strategy.
On the sidelines of Eurosatory 2024, the governor of GAMI, Ahmed Al-Ohali, took part in the activities of a Saudi-French Day, where he spoke about building industrial and defense partnerships between Saudi Arabia and France, while the deputy governor of the authority’s empowerment sector, Saleh Al-Aqili, touched on the regulatory framework and organization of local content policy in the Kingdom.
Several meetings were also held at the pavilion with other entities participating in the exhibition, where a number of initiatives and partnerships were instigated.
Many parties from the public and private sectors joined forces to showcase at the pavilion, including the Ministry of Investment, represented by the Invest in Saudi Arabia platform (Invest Saudi), the General Authority for Defense Development, and a number of Saudi national institutions and companies specializing in the field of military industries.
They included the Saudi Arabian Military Industries, Saudia Technic, Life Shield, Scopa, the Arabian International Company, the Saudi Leather Industries Company, the Al-Esnad Military Industries Group, KRMC, and the World Defense Show.
The Kingdom’s military industries are localizing and empowering the sector in “attracting qualitative investments that will effectively contribute to building a prosperous economy and a sustainable industry,” SPA reported.