SAMI, a conglomerate in defense industries, is a wholly-owned subsidiary of the Saudi Investment Fund of Saudi Arabia
Saudi Arabian Military Industries
Latest in Saudi Arabian Military Industries
Digitisation
New Aramco, AEC partnership to focus on accelerating Saudi Arabia’s digital ecosystem
Announcement comes as Aramco pursues several business digitalisation programmes under its industrial investment program, Aramco Namaat
Aviation
Saudi, French firms ink deal to set up aircraft parts manufacturing hub
Saudi Arabian Military Industries announces new joint venture to develop military and civil aerospace industries in kingdom
defence exhibition
Saudi Arabia expands site for inaugural defence show amid strong demand
World Defence Show organisers confirm the expansion of Exhibition Hall 1 – adding more than 14,500 additional sq m of space for exhibitors
Advanced Electronics Company
SAMI inks Saudi Arabia’s largest ever military industries deal
Saudi Arabian Military Industries says it has acquired Advanced Electronics Company in deal expected to close in Q1 2021
Navantia
Saudi defence JV inks $990m deal with Spanish shipbuilder
SAMI Navantia Naval Industries signs agreement to collaborate on Avante 2200 corvettes for the Royal Saudi Naval Forces
Aircraft Accessories & Components Co Ltd
Saudi’s SAMI buys stake in aircraft repair firm, eyes MENA expansion
Saudi Arabian Military Industries has announced the acquisition of a majority stake in Aircraft Accessories & Components Co Ltd
Dr Andreas Schwer
Saudi’s SAMI, Paramount sign defence industry deal
New agreement will help achieve defence industry targets set in Saudi Vision 2030
Saudi Arabian Military Industries
SAMI, Korean conglomerate agree to defence-focused joint venture company
The Saudi-Korean joint venture company will initially focus on munitions and will later explore expanding its product offerings
Advanced Electronics Company
Saudi’s SAMI buys electronics firm to boost local defence ambitions
Saudi Arabian Military Industrieshas announced the signing of an agreement to acquire 100% ownership in Advanced Electronics Company
Figeac Aero
Saudi, French firms ink deal to build aerostructures factory
Saudi Arabian Military Industries hasentered into an agreement with Figeac Aero, the French aerospace company
Ahmed Al Khateeb
US, Saudi firms sign deal to develop missile systems
New York-based L3 Technologies says it has signed a joint venture agreement with Saudi Arabian Military Industries
Abu Dhabi
Saudi Arabia’s SAMI to generate $10bn in revenue in 5 years
Saudi Arabian Military Industries CEO Andreas Schwer said that exports will account for 30 percent of total revenue by 2030
defence
Saudi Arabia to slash defence spending
Military spending will go down by 12 percent to $51 billion
Crown Prince Mohammed bin Salman
Saudi Arabia launches JV to build warships with Spain’s Navantia
SAMI Navantia Naval Industries will design and build five combat frigates under the joint venture deal
Saudi Arabia
Saudi Arabia signs deal with Spanish firm for five warships
State-owned defence company has forged a deal with Spanish shipbuilder Navantia for a joint venture to build warships
Crown Prince Mohammed bin Salman
Saudi prince’s revamp turns to developing military
International companies at Armed Forces Exhibition to Support Local Industries are eyeing multi-billion dollar deals