Saudi Arabian Military Industries (SAMI) will showcase opportunities for growth and development within the Kingdom’s defense sector at the upcoming Global Aerospace Summit 2020 in Abu Dhabi, UAE.
Taking place in Abu Dhabi, UAE, from 17 to 19 March 2020, the Summit is one of the world’s leading thought leadership forums for the aviation, aerospace, space and defense industries.
SAMI is a national holding company owned 100% by the Public Investment Fund (PIF); a sovereign wealth fund owned by Saudi Arabia. SAMI develops and supports military industries in Saudi Arabia and plays a major role in supporting efforts to localize more than 50% of the Kingdom’s military spending by 2030. The Kingdom is ranked in the top five countries in terms of military expenditures worldwide. This position enables tremendous investment opportunities.
SAMI will be representing the growing bilateral ties between Saudi Arabia and the UAE during the Summit, as well as the increased regional focus on defense.
SAMI will participate in the Summit through a speaking delegation led by Dr. Andreas Schwer, CEO of SAMI, Walid Abu Khaled, CSO - Strategy and Business Development at SAMI, and Mohammed Bushnag, Vice President of Human Resources at SAMI.
The delegation will address the key factors impacting the industry including Saudi-UAE bilateral relations, international partnerships, the Kingdom's 2030 vision and its role in developing and localizing the nation’s military industry, as well as future investment opportunities within the defense sector.
EDGE, the newly established advanced technology group for defense in the UAE joined Mubadala Investment Company as the host partner of the Global Aerospace Summit 2020.
Held under the theme of ‘insights and integration’, the Global Aerospace Summit 2020 will offer a platform for the UAE to highlight its strategy of working with international partners to enhance and develop local capabilities.
It will also be an opportunity to showcase methods for building national technological skills and leveraging cutting-edge solutions to achieve ambitious visions for the future.
Launched in May 2017, Saudi Arabian Military Industries (SAMI) is a state-owned military industries company working under the directives outlined in the Saudi Vision 2030. Aiming to be among the top 25 military industries companies in the world by 2030, SAMI is expected to play a key role in localizing 50% of the Kingdom’s total government military spending.
SAMI is combining the latest technologies and the best national talents to develop military products and services at par with international standards across four business divisions, namely Aeronautics, Land Systems, Weapons and Missiles, and Defense Electronics. The company is also focused on increasing exports and bringing foreign investment to the Kingdom’s military industries sector.