Saudi Arabian Military Industries and France’s Naval sign deal to build warships in the Kingdom

SAMI and French Naval Group will manufacture warships, frigates, and submarines in Saudi. Above, is an image of a Saudi amphibious hovercraft participating in military drills in 2018. (AFP/File)
Updated 18 March 2019

Saudi Arabian Military Industries and France’s Naval sign deal to build warships in the Kingdom

  • SAMI is expected to create 5,000 new jobs
  • Saudi plans to nationalize 50% of its military spending for Vision 2030

JEDDAH: A joint venture to strengthen the Royal Saudi Naval Forces is to be set up between a state-owned defense firm and a French company specializing in naval defense.
The Saudi Arabian Military Industries Company (SAMI) and Naval Group signed an agreement on the sidelines of the International Defence Exhibition and Conference in Abu Dhabi.
The agreement sets out the framework for establishing the joint venture, which will strengthen the Kingdom’s efforts to localize essential industrial skills and capabilities.
SAMI aims to be one of the world’s top 25 military industry companies by 2030, and Crown Prince Mohammed bin Salman wants to localize 50 percent of Saudi military spending by 2030 also.
SAMI CEO Dr. Andreas Schwer said: “Our joint venture agreement with Naval Group laid the foundation of a strategic partnership that will reinforce SAMI’s commitment to helping Saudi Arabia develop self-sufficient defense capabilities. The collaboration offers us an excellent opportunity to leverage Naval Group’s strong track record of helping its partners develop sovereign defense capabilities to create an integrated military industries ecosystem in the Kingdom.”
“Through design, construction, and maintenance activities, the joint venture will contribute significantly to further enhancing the capabilities and readiness of our Royal Saudi Naval Forces.”
Last year, SAMI signed agreements with Boeing and Spanish state-owned shipbuilder Navantia.  
Vision 2030 is highly reliant on the contribution of SAMI to the gross domestic product (GDP). According to the vision, the plan is to nationalize 50 percent of the military spending, and increase the contribution of the private sector to the GDP by 40-65 percent.
Public Investment Fund of Saudi Arabia expects SAMI to contribute almost $240 million to the national GDP by 2020, and to create 5,000 new jobs.
SAMI is set to become one of the top manufacturers globally, combining the latest technologies and best expertise to produce military equipment according to international standards and aid the development of the Saudi army.
The company’s strategy is based on implementing best practices from extensive studies in the industry, and collaborating with national and international partners.
SAMI designed their areas of operation to increase profitability and nationalization of the industry.

Spectacular shows celebrate Saudi National Day in style

Updated 21 September 2019

Spectacular shows celebrate Saudi National Day in style

  • Public will be treated to festivals, concerts and firework displays

RIYADH: With the celebrations for Saudi Arabia’s National Day is in full swing this weekend, there is no shortage of events taking place across the Kingdom.

Among the most interesting and spectacular are three international shows being staged in Riyadh, Jeddah, and Dammam, including a special performance by the world-famous Cirque du Soleil.

“Tariq Al-Himma” will take the audience on a unique and extraordinary artistic journey through the past, present and future of Saudi Arabia, in a show filled with national pride. You can catch the hour-long performance at the Green Halls in Riyadh from September 21 to 23, starting at 9:30 p.m. each night. Doors open at 7 p.m.

The Al-Hamra Corniche in Jeddah is the location for “Star Island” on September 23 from 8 p.m. to 10 p.m. Thousands of fireworks will paint the sky with dazzling colors, accompanied by sounds, light effects and laser beams.

The world’s most popular circus show, Cirque du Soleil, presents a specially created hour-long show for Saudi National Day at the Dhahran Expo in Dammam. Featuring 40 artists performing a variety of acrobatic routines, the show begins at 9 p.m. each night until September 23.

The season of events marking the celebration of the Kingdom’s National Day, which falls on September 23, includes more than 40 entertainment, cultural and sporting events and activities across the country. They include festivals, concerts, firework displays, youth forums and public celebrations.