Saudi General Authority for Military Industries (GAMI) signed here today a memorandum of understanding (MoU) in the field of military industries with the State Authority for Military Industry of the Republic of Belarus, on the sidelines of the Kingdom of Saudi Arabia's participation in IDEX 2021.
The MoU was co-signed by Governor of GAMI Eng. Ahmed bin Abdulaziz Al-Ohali, and Minister of State Authority for Military Industry of the Republic of Belarus Dmitry Pantus.
It is worth mentioning that the MoU comes as a continuation of the joint cooperation between the two countries in the fields of the defense and security industries.
The General Authority for Military Industries was established in accordance with the resolution of the Saudi Council of Ministers in August 2017. It embodies Saudi Arabia’s aspiration to develop national military manufacturing capabilities. The Authority is the regulating body for the military industries sector in the Kingdom and is responsible for its development and monitoring its performance.
GAMI aims to achieve 50 percent localization of the Kingdom’s spending on military equipment and services by developing industries, facilitating research and technologies, developing national human capital, and enhancing exports through enabling the sector by long-term planning of military purchases and providing incentives to local manufacturers.
GAMI also seeks to enable the domestic military industries sector to become a key component of the Kingdom’s economy, contribute in the creation of job opportunities for Saudi youth, and propel the country’s development, in addition to achieving five key national priorities:
• Increase military readiness
• Enhance strategic autonomy
• Enhance interoperability within and across entities
• Develop a sustainable local military industries sector
• Increase transparency and efficiency of spend