LONDON — The General Authority for Military Industries (GAMI) met here Thursday with a number of investors in the fields of defense and military security industries, which were attended by investors from the United Kingdom and European countries.

This is in addition to a number people from other countries interested in the defense and security military industries sector, in the presence of GAMI Governor Eng. Ahmed bin Abdulaziz Al-Ohali.

Eng. Al-Ohali tweeted: “It was our pleasure to host leaders from several key international defense companies at the ‘Flourishing Opportunities in Saudi Arabia's Defense Sector’ Workshop, in London.

“We discussed the sector's opportunities, and our role in facilitating their investment journey in KSA.”

The workshop, which was organized by GAMI, on the sidelines of the participation of the Saudi pavilion in the Exhibition of Defense and Security Equipment International (DSEI), has witnessed a review of the strategy of the military industries sector in the Kingdom of Saudi Arabia.

In addition, the workshop, highlighted their goals for achieving localization rate of more than 50% of government spending on military equipment and services by the year 2030, while reviewing the most promising investment opportunities in the sector and its investment environment, which is witnessing an unprecedented movement in terms of empowering local and international investors.

The workshop was attended by representatives from GAMI, Ministry of Investment, the Saudi Arabian Military Industries (SAMI), the International Defense Exhibition (IDEX), and a number of officials and stakeholders in the industry and investment sectors from the Saudi and British sides. —SPA