Military preparations, Saudi Arabia shocked the world of defense industry
Military industries are booming under Crown Prince Muhammad bin Salman, Authority for Military Industries
In the first installment of the Military Territory Program on Al Arabiya, Engineer Ahmed Al-Awhali, Governor of the General Authority for Military Industries in Saudi Arabia, reveals the pillars of localization of military industries in Saudi Arabia and points to the reliance on three pillars. In order to advance the military industry, three important targets were set, namely, expenditure, industry and research performance.
According to media reports, he also stressed that the military industries built by King Abdulaziz Al Saud were booming at the hands of Crown Prince Muhammad bin Salman and that he had linked military agreements to local industry.
Al-Awhali pointed out that the Military Authority was established in 2017 to achieve Saudi Arabia's Vision 2030 to localize 50% of Saudi spending on military industries.
In that short period of time, the authority has managed to make 6% progress in localization of military spending, which has increased from about 2% to 8% in 2021. Retired Colonel Joseph Rank, CEO, attended. He spoke about the new capabilities provided by Lockheed Martin to the Egyptian military's Apache helicopters. He also talked about the features of the C123J Super Hercules aircraft, which could be given to the Egyptian army under a possible deal.