The crown and its jewel.. “Financial Times”: Saudi Arabia is strengthening...


At the top of the plans… Officials are keen to support “defense electronics”


The crown and its jewel..

The British Financial Times revealed that Saudi Arabia is seeking to enhance its defense and military capabilities locally, and to increase investment in the local manufacture of weapons.

In its report from Riyadh, the newspaper said that Saudi officials are keen to support a defense electronics factory, as it is one of the sovereign wealth fund’s latest investments in the field of military manufacturing, which comes on top of economic plans to modernize the kingdom’s economy.

The Advanced Electronics Company, whose factory in Riyadh produces parts for bombs and drones, is the “crown jewel” of Saudi Arabia’s fledgling military industry.

The Saudi Company for Military Industries (Sami), which was founded four years ago by the Public Investment Fund to localize defense production, bought the Advanced Electronics Company last year.

The newspaper said: The military industrialization project is in line with the Crown Prince’s vision plan to diversify the oil-dependent economy, describing it as an ambitious project.

The crown and its jewel.. “Financial Times”: Saudi Arabia is strengthening its military industry locally
Muteb Al-Baqami
already
2021-11-25

The British Financial Times revealed that Saudi Arabia is seeking to enhance its defense and military capabilities locally, and to increase investment in the local manufacture of weapons.

In its report from Riyadh, the newspaper said that Saudi officials are keen to support a defense electronics factory, as it is one of the sovereign wealth fund’s latest investments in the field of military manufacturing, which comes on top of economic plans to modernize the kingdom’s economy.

The Advanced Electronics Company, whose factory in Riyadh produces parts for bombs and drones, is the “crown jewel” of Saudi Arabia’s fledgling military industry.

The Saudi Company for Military Industries (Sami), which was founded four years ago by the Public Investment Fund to localize defense production, bought the Advanced Electronics Company last year.

The newspaper said: The military industrialization project is in line with the Crown Prince’s vision plan to diversify the oil-dependent economy, describing it as an ambitious project.

25 November 2021 – 20 Rabi’ al-Akhir 1443

11:07 AM


At the top of the plans… Officials are keen to support “defense electronics”

The British Financial Times revealed that Saudi Arabia is seeking to enhance its defense and military capabilities locally, and to increase investment in the local manufacture of weapons.

In its report from Riyadh, the newspaper said that Saudi officials are keen to support a defense electronics factory, as it is one of the sovereign wealth fund’s latest investments in the field of military manufacturing, which comes on top of economic plans to modernize the kingdom’s economy.

The Advanced Electronics Company, whose factory in Riyadh produces parts for bombs and drones, is the “crown jewel” of Saudi Arabia’s fledgling military industry.

The Saudi Company for Military Industries (Sami), which was founded four years ago by the Public Investment Fund to localize defense production, bought the Advanced Electronics Company last year.

The newspaper said: The military industrialization project is in line with the Crown Prince’s vision plan to diversify the oil-dependent economy, describing it as an ambitious project.

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