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Saudi Arabia’s military company eyes $10 billion revenue in next five years

Saudi Arabia’s military company eyes $10 billion revenue in next five years

  • SAMI wants exports to account for 30 percent of its revenue by 2030
  • The company, established in May 2017, seeks to localize 50 percent of military spending by 2030
By Reuters ·
Saudi Arabian Military Industries and France’s Naval sign deal to build warships in the Kingdom

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

By Arab News ·
Gulf defense spending ‘to top $110bn by 2023’

Gulf defense spending ‘to top $110bn by 2023’

By Arab News ·
‘Saudi defense sector to contribute $61.6bn to GDP by 2020’

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

By Arab News ·

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