Saudi Arabian Military Industries

Saudi Arabian Military Industries
Native name
 Arabic: الشركة السعودية للصناعات العسكرية‎
State-owned enterprise
Industry Military manufacturing
Founded 2017 (2017)
Headquarters Riyadh, Riyadh, Saudi Arabia
Key people
 Ahmed Al Khateeb (Chairman)
Andreas Schwer (CEO)[1]
Website www.sami.com.sa

Saudi Arabian Military Industries (SAMI) is a state-owned defense company launched in May 2017 by Saudi Arabia’s Public Investment Fund (PIF).[2][3]

Activities

SAMI was established to provide military products and services in Saudi Arabia and to reduce the country’s reliance on foreign purchases of military products.[3]

The company operates across aeronautics; land systems, including military vehicles; weapons and missiles; and defence electronics.[4]

SAMI’s reported targets include the contribution of 14 billion riyals (US$3.7 billion) to the Saudi economy by 2030, 6 billion riyals (US$1.6 billion) investment in research and development and the creation of 40,000 jobs.[3]

Partnerships

In May 2017, SAMI signed Memoranda of Understanding (MoU) with defense contractors Boeing, Lockheed Martin, Raytheon and General Dynamics.[5]

In October 2017, SAMI signed a Memorandum of Understanding with Russia's Rosoboronexport to manufacture military equipment in Saudi Arabia.[6] The agreement provides for the transfer of technology for the local production of the S-400, the Kornet-EM system, the TOS-1A, the AGS-30 and the Kalashnikov AK-103.[7][8]

References

  1. ↑ Haracic, Armin (2 November 2017). "Saudi military industries firm names former Airbus, Rheinmetall exec as CEO". Defense News. Retrieved 19 December 2017.
  2. ↑ "Saudi Arabia launches military industries company". Reuters. 18 May 2017. Retrieved 19 December 2017.
  3. 1 2 3 Carey, Glen; Shahine, Alaa (17 May 2017). "Saudi wealth fund starts defense company to meet military needs". Bloomberg. Retrieved 19 December 2017.
  4. ↑ "Saudi Arabia launches national state company for military industries". Al Arabiya. 18 May 2017. Retrieved 19 December 2017.
  5. ↑ Paul, Katie (31 October 2017). "Saudi state-owned defence company SAMI taps Rheinmetall executive as CEO". Reuters. Retrieved 19 December 2017.
  6. ↑ "Saudi Arabia signs agreement to manufacture Russian weapons locally". Al Arabiya. 5 October 2017. Retrieved 19 December 2017.
  7. ↑ "Saudi Arabia agrees to buy Russian S-400 air defense system: Arabiya TV". Reuters. 5 October 2017. Retrieved 19 December 2017.
  8. ↑ Binnie, Jeremy (6 October 2017). "Saudi Arabia and Russia sign S-400 MOU". Jane's Defence Industry. Retrieved 19 December 2017.
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