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FinancialNews


  • 23-08-21

    Saudi Arabia to benefit from several military projects

    (MENAFN) Saudi Arabia’s General Authority for Military Industries (GAMI) invites local and international companies to get advantage from a number of military projects in addition to inaugurating a digital platform for investors to access local military industry.

    According to the authority, GAMI has recognized 74 investment opportunities, across six domains of the military industries sector.

    The authority inaugurated a digital platform urged the Military Industry Marketplace (MIM) that connects local industry projects with investors that are authorized and licensed by the authority.

    Targeted opportunities were proclaimed by the authority in supply chains in the military industries sector in a bid to improve the Kingdom’s efforts to localize at least 50 percent of military spending by 2030.

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