RIYADH: Public Investment Fund owned Saudi Arabian Military Industries has announced the launch of the Land Systems Industrial Park in Riyadh. The new industrial complex aims to localize defense industries as well as build local capabilities in the field of engineering and design of ground systems, testing, and further qualifying systems, Saudi Press Agency reported.
Saudi Arabia spent $1.4 billion (5.1 billion riyals) in incentives to boost its local military sector over the last two years, the governor of the sector’s
RIYADH: Saudi Arabia has spent SR5.1 billion ($1.4 billion) in incentives to boost its local military industry over the last two years, Governor of the General Authority for Military Industries Ahmad Al-Ohali revealed during the second day of the 2023 Budget Forum. Al-Ohali said the incentives included SR3.3 billion which was directed to research and development in the