Invest Saudi showcases investment opportunities at global defense event

Invest Saudi showcases investment opportunities at global defense event

Investment opportunities in Saudi Arabia’s defense sector were in the international spotlight at the Defense and Security Equipment International event in London this week.

Invest Saudi joined the prestigious four-day event alongside 114 countries and more than 40,000 visitors to showcase the breadth and depth of opportunities available in the sector across four areas including land, naval, security and joint technologies.

Global stakeholders, partners and investors were also hosted at a private roadshow where the progress, initiatives and partnership opportunities were presented in detail by Saudi government leaders, in a cross-government initiative between the General Authority of Military Industries (GAMI), the Ministry of Investment (MISA), Saudi Arabian Military Industries (SAMI) and the World Defense Show (WDS).

The defense sector is a key part of the Kingdom’s plans to increase foreign direct investment and diversify the economy, as set out in Vision 2030. It is expected to contribute $4.5 billion towards national GDP and create up to 60,000 jobs by 2030.

Abdulrahman AlMzaid, managing director of Defense Sector at the Ministry of Investment, said: “We are delighted to sponsor this event and work in partnership with our government colleagues to present the wealth of investment opportunities in the Kingdom’s defense sector.

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