SAWT BEIRUT INTERNATIONAL

| 29 February 2024, Thursday |

World Defense Show: GCC defense sector thrives on partnerships, localization

During Saudi Arabia’s World Defense Show in Riyadh, the UAE’s EDGE Group head of international business said that partnerships will remain an important component in boosting indigenous defense capabilities.

The Saudi event is one of many around the world where firms like EDGE attend to make new connections and demonstrate cutting-edge technology.
Essential components containing extremely private or compromising information will be produced and secured by local people, according to EDGE Group director of international business Miles Chambers.

“We’ll invest in having that competence indigenously in certain sectors that we’ve recognized as vital,” he told Al Arabiya English.

In a similar vein to Saudi Arabia, the Vision 2030 targets establish a framework for achieving a 50 percent localization of military investment and services.

Job creation is raised exponentially, and industrial sectors such as industrial equipment, communications, and information technology are simulated in this fashion.

According to an undated web study from the government concerning Vision 2030, despite the Kingdom being the third largest military spender, barely two percent of this spending occurs within the country.

However, this is changing.

Saudi Arabia inked ten deals for $1.8 billion (SAR 7 billion) with local and international organizations on Tuesday at the World Defense Show, according to a statement from the event. Many of the deals include a stipulation to localize manufacturing, development, and/or supply chain and logistics.

This comes on top of the $2.3 billion (SAR 8 billion) in agreements struck on Monday.

Mikail Houari, President of Airbus Africa and the Middle East, stated in an exclusive statement to Al Arabiya English that the event “highlights the necessity for increased localization of talents and capabilities within the defense sector.”

Airbus claims to employ 350 individuals in the Kingdom, with Saudi nationals accounting for more than a third of the workforce.

Another US defense business, Lockheed Martin, has struck a deal with Saudi Arabia’s General Authority for Military Industries to manufacture missile interceptor launchers and missile interceptor canisters locally.

This comes on top of the $2.3 billion (SAR 8 billion) in agreements struck on Monday.

Mikail Houari, President of Airbus Africa and the Middle East, stated in an exclusive statement to Al Arabiya English that the event “highlights the necessity for increased localization of talents and capabilities within the defense sector.”

Airbus claims to employ 350 individuals in the Kingdom, with Saudi nationals accounting for more than a third of the workforce.

Another US defense business, Lockheed Martin, has struck a deal with Saudi Arabia’s General Authority for Military Industries to manufacture missile interceptor launchers and missile interceptor canisters locally.

 

    Source:
  • alarabiya