‘Saudi defense sector to contribute $61.6bn to GDP by 2020’

Saudi Arabia announced a military budget of SR191 billion in 2019. (
Updated 18 March 2019

‘Saudi defense sector to contribute $61.6bn to GDP by 2020’

  • 2.52 million private sector jobs would be generated in public administration and defense by 2028
  • Cybersecurity was one of the fastest growing segments in the sector

RIYADH: The Saudi defense industry will experience strong growth in the next decade, according to a report.

The report titled “Defense, Security, and Aerospace,” which was published by the US-Saudi Arabian Business Council (USSABC), said the sector was expected to contribute SR231.27 billion ($61.6 billion) to the national gross domestic product by 2020 and that 2.52 million private sector jobs would be generated in public administration and defense by 2028.

The report also said cybersecurity was one of the fastest growing segments in the sector.

“Historically, the Saudi defense sector has proven lucrative for foreign defense contractors given that the country is among the leading arms importers with growing domestic capabilities,” Abdullah Jum’ah, co-chair of the USSABC and former CEO of Saudi Aramco, told Arab News on Monday.

“In the coming years, we expect the Kingdom to progress toward the localization objectives of the Vision 2030 reform plan while still expanding opportunities for the private sector across training services, cybersecurity, and command and control segments,” he added.

US firms have supplied the largest number of defense articles to the Saudi armed forces, the report said.

Saudi Arabia announced a military budget of SR191 billion in 2019, the report said, with defense and military accounting for 17.3 percent of the Kingdom’s total SR1.11 trillion spending plans.

The report is one in a series of in-depth publications from USSABC that highlights new economic trends and opportunities in Saudi Arabia.

Previous reports have focused on industries of strategic growth for the Kingdom such as healthcare, infrastructure development, and labor localization.


Tatweer opens registration for new academic year in Saudi Arabia

In the next four years, the company aims to provide services for 1.2 million students throughout the Kingdom. (SPA)
Updated 20 August 2019

Tatweer opens registration for new academic year in Saudi Arabia

  • The company added that parents can communicate with a supervisor for any inquiries related to the service by calling 8001231000 for free

RIYADH: The Ministry of Education’s school transport service provider asked families to register their children for the upcoming academic year via their website’s Noor system.
They can access the school transport page on the Tatweer Education Holding Co. website to fill in the required data for registration. The company said that the service will be limited to registered students based on priority and entitlement criteria.
Tatweer said that it had simplified the registration process, which can be completed online or through supervisors of the transport service in government schools.
The company added that parents can communicate with a supervisor for any inquiries related to the service by calling 8001231000 for free.
They can also email [email protected] or get in touch on Twitter, Facebook, Instagram and YouTube.
In the next four years, the company aims to provide services for 1.2 million students throughout the Kingdom.