The General Authority for Military Industries (GAMI) announced Wednesday the signing of a contract to manufacture and localize a new armored military vehicle under the name “Ad-Dahna” between the General Directorate of Border Guard and the Military Industries Corporation.
The contract signing ceremony was attended by GAMI Governor Eng. Ahmed bin Abdulaziz Al-Ohali; the Chairman of the Military Industries Corporation, Eng. Mohammed bin Hamad Al-Mady and the Director General of the Border Guard, Vice Admiral Awwad bin Eid Al-Balawi, the Saudi Press Agency (SPA) reported.
Established in accordance with the resolution of the Saudi Council of Ministers in August 2017, GAMI is the regulator, enabler and licensor of the Kingdom’s defense industry. We are entrusted to build a sustainable domestic defense sector that delivers significant social and economic benefits, while reinforcing the Kingdom’s autonomy, military readiness and national security.
GAMI’s aim is to localize 50% of Saudi Arabia’s military expenditure over the next decade in line with the Kingdom’s Vision 2030. To achieve that, GAMI has identified three strategic focus pillars: industry regulation, acquisition and technology.
GAMI sits at the core of the Kingdom’s defense ecosystem, promoting transparency, leveraging synergies and driving intra-governmental collaboration to realize military industrialization.
Saudi Arabia has been one of the world’s biggest spenders on military equipment and services over many years. In 2018, the Kingdom reported the world’s third largest military expenditure, and topped the global list of the highest military spenders per GDP.
Saudi Arabia’s Vision 2030 acknowledged that KSA manufactures less than 5% of its military requirements. This prompted the target to grow local industry contribution 10-fold by 2030, an ambition that was the basis for the establishment of GAMI as a regulator and enabler of Saudi Arabia’s military industry.
Supported by the impetus of the national Vision, laid out by the Authority’s Chairman, His Royal Highness Crown Prince Mohammed bin Salman, and the strength of its leadership, GAMI is set to enable 50% localization of the Kingdom’s military spending by 2030.