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The Kingdom of Saudi Arabia’s General Authority for Military Industries (GAMI) is participating, together with its private sector partners, in the Egypt Defense Expo 2023 (EDEX), an international defense and military industries exhibition.
Egyptian President Abdel Fattah El-Sisi, and officials and investors from the military industry sector were present at the opening of the exhibition today.
El-Sisi was briefed on the products and offerings of national companies participating under the Saudi pavilion, such as GAMI, the Saudi Military Industries Company (SAMI) and the Saudi Chemical Holding Company, which are showcasing the latest advancements in the military industry; they work to develop it and to leverage local capabilities that align with the sector’s practical requirements. This effort is responsible for rapid growth of the sector, which aims to attract high-quality investments that contribute to building a robust military economy and a sustainable industry.
GAMI Governor Ahmad Al-Ohali said that the Saudi participation in the exhibition is bound to attract influential players and will highlight the attractive investment environment in the military industry sector. The goal is to foster international cooperation with major regional and global companies, offer investment opportunities and facilitate partnerships between local and international counterparts.
The Kingdom’s military industry system, led by GAMI and its public and private sector partners, strives to boost cooperation and exchange of knowledge. The strategic objective is to spend over 50% on military equipment and services in the Kingdom by 2030.